Hyosung Advanced Materials, Expects to turn 3Q operating profit margins into surplus...Target stock price up(Kiwoom Securities)

[Infostock Daily= Reporter An Hoe Hyun] On the 18th, Kiwoom Securities raised its target stock price to 190,000 won for Hyosung Advanced Materials, saying that operating profit in the third · fourth quarters of this year is expected to turn into a surplus. The investment opinion presented a 'BUY'.

"The utilization rate of tire cords, which are the main business, has improved, and high value-added fibers such as aramid · carbon are maintaining solid results." the company said, adding, "Operating profit is expected to reach 12.6 billion won in 3Q."

"The expansion of aramid, which will cost 61.3 billion won, will be launched in the first half of next year and will contribute to next year's earnings," the company explained, adding, "It will also have the effect of improving next year's performance and expanding new growth engines."

Reporter An Hoe Hyun ahh@infostock.co.kr