[Infostock Daily= Reporter An Hoe Hyun] Eugene Investment & Securities said on the 25th that Daelim Industrial(000210) will need to come up with a new shareholder return policy to ease its undervaluation. Investment opinion Buy and target price of KRW 125,000 remained.
Daelim Industrial plans to split the company after an extraordinary shareholders' meeting on the 4th of next month. Daelim Industrial is divided into DL Co., Ltd.(existing corporation), a holding company, and DL E&C, which is in charge of construction business, and DL Chemical, which is in charge of petrochemical business at DL Co., Ltd., is physically divided.
"There are also concerns over whether the two companies' growth strategies will be an optimal strategy after the split, so the stock price will be able to be revalued if a shareholder return policy is presented," the company predicted.
Reporter An Hoe Hyun ahh@infostock.co.kr
