Nongshim starts a gradual recovery in the second half of the year (Ebest Investment & Securities)
Nongshim starts a gradual recovery in the second half of the year (Ebest Investment & Securities)
  • 이지선 기자
  • 승인 2021.09.23 13:39
  • 최종수정 2021.09.22 23:20
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농심CI
농심CI

Ebest Investment & Securities offered Nongshim KRW 400,000 in investment opinion and target stock price.

The securities firm forecast consolidated sales of 6,818 billion won and operating profit of 26.3 billion won for Nongshim's third-quarter earnings this year. It is +4.7% and -10%, respectively, compared to the same period last year.

Overall, the securities firm explained that it raised its earnings estimate by reflecting the market price increase momentum slightly in its estimate, passing its lowest point in its performance in the second quarter and newly reflecting the recovery trend in its estimate in the second half of the year.

"The effect of the price hike, which began in August, will begin to be reflected little by little in the fourth quarter of this year and will be revealed in earnest from next year," said eBest Investment & Securities.

Reporter Lee Ji-sun stockmk2020@gmail.com


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