NH Investment & Securities has offered its investment opinion 'buy' and target stock price of 100,000 won for CS Wind.
CS Wind's third-quarter earnings fell below the lowered estimate of securities firms with sales of 2,145 billion won and operating profit of 12.8 billion won.
In the non-operating sector, net profit of controlling shares exceeded securities firms'estimates at 10.2 billion won, reflecting conversion profits from rising exchange rates.
"The reason why sales were lower than expected was due to the delay in U.S. corporate sales (40 billion won) to the fourth quarter,"
NH Investment & Securities said. "We expect record-high sales of 4,068 billion won due to the normalization of operations in Malaysia and Vietnam and sales of new subsidiaries in the U.S. and Portugal.".
On the other hand, NH Investment & Securities predicted that CS Wind will expand its appearance to M&A from '22.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com