Orion, domestic and overseas earnings turnaround... (Hi Investment & Securities)
Orion, domestic and overseas earnings turnaround... (Hi Investment & Securities)
  • 이동훈 기자
  • 승인 2021.11.18 08:51
  • 최종수정 2021.11.18 00:49
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사진=오리온
사진=오리온

Hi Investment & Securities said Orion is expected to see a upward trend in stock prices in the future, along with its positive performance at home and abroad in October.

The target price was 170,000 won and the investment opinion remained 'buy'.

Orion's sales in October rose 6.4% year-on-year to 204.4 billion won and operating profit fell 0.3% to 38 billion won.

Hi Investment & Securities explained that market dominance in all regions is strong, except for the effect of fluctuations in demand before and after price hikes.

Analysts say that the expansion of dominance is notable in the domestic market. In Korea, the growth rate was 5.3% compared to the same period last year, and despite the increase in raw material costs, the profit level was demonstrated in the same period last year due to efficiency and cost improvement.

Hi Investment & Securities explained that unlike its competitors'reverse growth related to base burden, sustainability can be expected based on increased control.

Growth in overseas markets such as China and Vietnam is also expected to be stable. Orion's sales grew 24.6% year-on-year to KRW 30.4 billion in Vietnam as the regional blockade related to the spread of COVID-19 ended and shipments of major products expanded.

Hi Investment & Securities expects high sales growth after the fourth quarter as both its flagship snacks and new products are gaining competitiveness.

Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com


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