IBK Investment & Securities analyzed Halla Holdings on the 29th that it has a positive business situation, stability and growth base, but its stock price is undervalued. Its target price is 65,000 won and its investment opinion remains 'buy'.
IBK Investment & Securities said, "Halla Holdings has established an overseas subsidiary to diversify its sales sources while cleaning up its low-profit business to enhance profitability and preparing new items such as imported car parts and parts module business "Sales have declined since then, but profitability has improved, and a business photofolio has been formed to enhance profitability due to the visualization of new businesses,"
IBK Investment & Securities said, "The amount of profit is disappointing compared to the size of sales, but it is not a bad problem "Profitability is expected to improve as the proportion of new businesses increases in the future."
"Although it is not easy to have both stability, growth and profitability in the business, Halla Holdings is laying the foundation for possibilities," IBK Investment & Securities said, "Halla Holdings is a holding company of a group based on stability and growth," adding, "Although it shows a relatively high dividend yield, the stock price is judged to be undervalued.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
