[Infostock Daily= Reporter An Hoe Hyun] Shinhan Investment said on the 26th that it will maintain its investment opinion 'Buy' and target stock price of 6,100 won for EASY Holdings.
"We maintain our purchase perspective based on stable profit-making of feed, pig and broiler prices that are expected to rise and still attractive valuation(PBR 0.5 times)," the company explained.
This year's consolidated sales of EASY Holdings, predicted by Shinhan Investment, rose 5.8% year-on-year to 1.7 trillion won and operating profit rose 31.1% to 64.9 billion won.
"It is estimated that the rise in feed prices due to rising grain prices can be passed on to pig prices by more than 50%, and that the market price of broiler meat remains at a relatively high level compared to the previous year," the company explained, adding, "The feed has little uncertainty."
Reporter An Hoe Hyun ahh@infostock.co.kr
