Douzone Bizon is expected to emerge as Korea's leading TechFin (technology + finance) company through its sales bond factoring business, in which financial institutions buy sales bonds from companies at a discount and lend funds to companies.
On the 13th, IBK Investment & Securities maintained Douzone Bizon's investment opinion 'buy' and target stock price of 110,000 won against this background.
First of all, the third quarter of this year's earnings are expected to be slightly below the market outlook (consensus). It is expected to record 80 billion won in consolidated sales and 19 billion won in operating profit in the third quarter.
It is an increase of 9.6% and 17.8%, respectively, compared to the same period last year.
According to financial information analyst FnGuide, Douzone Bizon's market outlook is 81.7 billion won in sales and 19.7 billion won in operating profit.
"As the number of confirmed cases of COVID-19 increased, the improvement of the enterprise resource management (ERP) sector, which has a lot of face-to-face tasks, was delayed," IBK Investment & Securities said. "However, sales were able to grow as the business platform ' Wihago' and cloud sectors grew stably through non-face-to-face sales.".
IBK Investment & Securities expects Douzone Bizon's performance to improve significantly as cloud sales related to smart factories are expected to increase from the fourth quarter.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
