Eugene Investment & Securities maintained its target stock price of 50,000 won and investment opinion "buy"on NAS Media, saying it shows stable earnings growth in line with market expectations.
Eugene Investment & Securities analyzed, "The provisional performance in the third quarter was 30.9 billion won in sales and 8.1 billion won in operating profit, up 10.8 percent and 29.7 percent, respectively, from a year earlier.".
"The positive thing in its third-quarter earnings is the continued COVID-19, despite continued sales growth and improving profitability. Although sales of digital broadcasting and digital signage fell 4.5 percent and 82.5 percent year-on-year, respectively, online DA sales rose 19.4 percent due to continued sales of games, home appliances and the inflow of a large number of new advertisers in the shopping mall, fashion and healthcare sectors, and online SA (Secure AD) sales also increased 12.3 percent year-on-year," said Eugene Investment & Securities.
Eugene Investment & Securities also said, "Sales of mobile platforms increased 30.7 percent year-on-year due to securing a large number of new Cost Per Sale (CPS) campaigns centered on the shopping mall sector," adding, "Profitability improved significantly due to a 10.8 percent increase in sales, compared to a 5.3 percent increase in labor, business and operating costs.".
Eugene Investment & Securities predicted, "The expected fourth quarter results will be 33.6 billion won in sales and 11.3 billion won in operating profit, up 5.1 percent and 7.2 percent, respectively, from a year earlier.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
