Shinyoung Securities said on the 22nd that market concerns still linger over Fila Holdings, but its stock price fell sharply, while its investment opinion remained "buy" and its target stock price remained at 64,000 won.
Shinyoung Securities expects Fila Holdings'consolidated sales and operating profit to fall 7.1% and 36.8% year-on-year to KRW 852.2 billion and KRW 98.4 billion, respectively.
Shinyoung Securities said, "We expect sales of Korean, U.S. and Aquanet corporations to fall 8 percent, 0.8 percent and 6.8 percent, respectively, and operating profit to fall 11.8 percent, 7.0 percent and 53.1 percent, respectively.".
Shinyoung Securities said, however, that the company's stock price has been adjusted once again recently on news that the growth rate of its Chinese business, which had been growing at a high rate, slowed to 5-7% in the third quarter.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com