Kolmar Korea's stock investment opinion has been raised to 'buy'.
Kolmar Korea is expected to improve its performance after the fourth quarter due to a recovery in demand due to With Corona and others.
Hana Financial Investment maintained its target price of Kolmar Korea at 52,000 won. Investment opinion has been raised from 'Hold' to 'Buy'.
"Kolmar Korea posted an earnings shock far below third-quarter market expectations, but the bottom of the third quarter has passed," Hana Financial Investment said. "Sales and operating profit will recover after the fourth quarter.".
Hana Financial Investment expects Kolmar Korea's domestic and foreign subsidiaries to recover after the fourth quarter due to With Corona and peak season.
"Kolmar Korea will post an operating profit of KRW 31.8 billion on a fourth-quarter consolidated basis, down 39% compared to the fourth quarter of 2020," Hana Financial Investment said. "However, its profit will actually increase, excluding the one-off profit of its subsidiary HK inno.N, which is estimated to be around KRW 20 billion in the fourth quarter of 2020.".
Kolmar Korea posted an operating profit of 12.8 billion won on a consolidated basis in the third quarter. Compared to the third quarter of 2020, it decreased by 32%, far below market expectations (23 billion won).
Kolmar Korea is expected to generate sales of 155.8 billion won and operating profit of 90.1 billion won on a consolidated basis in 2021. Sales are up 17.84% from 2020 and operating profit is down 25.97%.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
