KTB Investment & Securities predicted that its second-quarter sales and operating profit fell slightly below expectations for Douzone Bizon on the 28th, but that the sales bond factoring service will expand after confirming this year's performance.
As a result, the investment opinion "Buy" and the target price remained at KRW 120,000. Douzone Bizon's current stock price is 84,800 won on the 27th.
In the second quarter, Douzone Bizon's sales rose 10.2 percent on-year to 80.6 billion won, and operating profit rose 16.2 percent to 20.4 billion won over the same period, with both sales and operating profit slightly below KTB Investment & Securities'estimate.
Sales in the 'WEHAGO' sector rose 810.2% year-on-year to 9.9 billion won. "Most of the effects of government support projects this year have been reflected," KTB Investment & Securities said in a report. "We estimate that the support project performance of the remaining 30% of the 60,000 companies in demand per year will be reflected in the third quarter.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
