On the 16th, KTB Investment & Securities predicted that Hyosung Chemical will continue its upward trend in performance until 2023 thanks to the increase in the utilization rate of Vietnamese facilities.
As a result, the investment opinion "Buy" and target price remained at 510,000 won. Hyosung Chemical's current stock price is KRW 401,500 on the 15th.
Operating profit for the third quarter of this year is 57.8 billion won, down 19.0% from the previous quarter, below the consensus (70.4 billion won), KTB Investment & Securities predicted.
PP/DH's third-quarter operating profit, which contributed 76.7% to operating profit in the second quarter, is expected to fall 31.4% compared to the previous quarter to 37.5 billion won. However, it is predicted that its performance will continue to be upward trend until 2023, with its third-quarter earnings at a low point.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
