SK Securities maintained its target price of 11,400 won with its investment opinion of "Buy" on Kumho Engineering & Construction.
The securities expected, "Kumho Engineering & Construction's first-quarter sales to rise 17.6% year-on-year to 420 billion won and operating profit to 17.4 billion won, up 4.4% from the same period last year.
"Kumho Engineering & Construction's housing sales have continued to grow steadily to 332.5 billion won in 2018, 420.4 billion won in 2019 and 653.1 billion won in 2020," the securities said. "This year, we estimate 973.5 billion won in housing sales, which is expected to record a growth rate of 49% compared to the previous year."
Reporter Lee Dong-hoon firstname.lastname@example.org