Hyundai Motor Securities analyzed that Woongjin Thinkbig's earnings recovery is accelerating to its lowest point in the first half of last year. The investment opinion remains 'buy' and the target price is 4,800 won.
"We recorded good first-quarter performance that exceeded our initial expectations," Hyundai Motor Securities said. "We confirmed that our business performance has been rapidly recovering to a low point in the first half of last year, and good business performance momentum will continue after the second quarter.".
Woongjin Thinkbig's consolidated sales and operating profit in the first quarter of this year rose 9.6% year-on-year to 4.6 billion won and 4.6 billion won from a surplus.
"Woongjin Thinkbig succeeded in entering the non-face-to-face learning service market last year, and this year it has secured a new growth engine based on its lineup that has expanded to infants and middle schools," Hyundai Motor Securities added.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
