On the 3rd, DS Investment & Securities raised its target price from 88,000 One to 115,000 One, saying, "As the company has already achieved 80% of its annual target by July, the acquisition of overseas subsidiaries has laid the foundation for targeting US/European markets and additional external growth.". The investment opinion remained 'buy'.
"In the second half of this year, CS Wind's sales are expected to rise 31.1% year-on-year to KRW 31.1 billion and operating profit to rise 1.8% to KRW 58.1 billion," DS Investment & Securities said. "As CSW America and ASM Industries are incorporated into consolidated performance, external growth will begin in earnest.".
DS Investment & Securities explained, "By the end of July, new orders were $6.8 billion, already achieving 80% of the annual target of $8.5 billion.".
DS Investment & Securities predicted, "Sales and operating profit on a consolidated basis next year will increase 44.3% and 54.7% year-on-year to 1 trillion 7,885 and 1,825 billion won, respectively.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
