Kiwoom Securities expects Ray's operating profit to surge 293 percent on-year this year. The 'buy' investment opinion and target price were 80,000 won.
Kiwoom Securities said in a report on the 3rd, "Ray's consolidated sales will reach 93.7 billion won and operating profit will reach 18 billion won this year.".
This year's estimated sales and operating profit are up 70% and 293%, respectively, from the previous year.
Kiwoom Securities cited the expansion of volume due to the normalization of major export countries and the creation of new sales due to the expansion of ODM supply contracts and product lineup.
Kiwoom Securities expects sales in China, including Ray's new sales next year, to reach 60 billion won.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
