Eugene Investment & Securities on the 15th offered its investment opinion 'Buy' and target stock price of 42,000 won for Settle bank, saying it is expected to achieve its highest sales in the second quarter as the simple payment service market grows.
"Individual sales in the second quarter are expected to rise 20.8% year-on-year to 23.1 billion won and 3.6 billion won, a 56.3% increase in operating profit. Earnings growth is expected based on the effect of expanding various franchises and revitalizing local currency," said Eugene Investment & Securities.
"Sales of simple cash settlement services, such as expanding franchises and increasing the amount of local currency transactions, have been increasing sharply compared to the same period last year since the third quarter of last year. Settle Bank is expected to continue to improve profitability in the second quarter due to adjustment of local currency fees and increased sales of virtual account services," said Eugene Investment & Securities.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
