SK Securities offered 'buy' and target price of 44,000 won for DL Construction.
"New orders of DL Construction recorded 497.6 billion won in the first quarter, a 307.4% increase from the previous year, 91.5% of which is the construction sector," SK Securities said in a report on the 21st. "In the construction sector, it recorded 455.3 billion won, which is expected to be worth about 3.5 trillion won considering additional project contracts to secure business rights and construction rights.".
"The construction of new sites ordered in the second half of last year is expected to begin in the second quarter of this year, and we expect a full-fledged increase in sales from the second half of this year," SK Securities said. "Although the order backlog decreased by 2.3% compared to the end of 2020, the order backlog is still expected to increase annually considering the quarterly order trend.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
