Hite Jinro, Prospects for Gradual Recovery of Performance (Hana Financial Investment)
Hite Jinro, Prospects for Gradual Recovery of Performance (Hana Financial Investment)
  • 이동훈 기자
  • 승인 2021.11.19 08:42
  • 최종수정 2021.11.18 16:01
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하이트진로, 식탁이있는삶 CI. 제공=하이트진로
하이트진로, 식탁이있는삶 CI. 제공=하이트진로

Hana Financial Investment maintained its target stock price of KRW 48,000 and its investment opinion of "buy", saying that Hite Jinro is expected to gradually recover its performance due to a recovery in front-end demand.

"The domestic beer market in the first half of this year is estimated to fall 7% year-on-year due to COVID-19," Hana Financial Investment said in a report.

"Even if the liquor market recovers until the first half of last year, the first year of COVID-19, the liquor market is expected to grow 8-13% this year compared to the same period last year.".

As the vaccination rate is rising, Hite Jinro's earnings will improve thanks to a recovery in demand ahead.

"We estimate next year's consolidated sales to rise 8.7 percent year-on-year to 2.39 trillion won, and we expect operating profit to rise 19.9 percent to 210.4 billion won over the same period," Hana Financial Investment said. 

Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com


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