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[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Networks reported a 52-week high on the news of its incorporation into a 100% subsidiary of SK Rent-a-Car.
Five securities firms raised their target stock prices this month, giving them a positive outlook.
SK Networks closed at 6,630 won, up 5.91% from the stock market on the 21st. It has risen 71.3% this year, drawing a clear 'V'.
The company announced on the 18th that it will increase its stake in SK Rent-a-Car from 72.9% to 100% through stock tendering and comprehensive stock exchange. As a result, SK Rent-a-Car will be delisted as early as the end of January next year.
The market sees the incorporation of SK Rent-a-Car subsidiary as a favorable factor.
The outlook for performance in the second half of the year is also positive. SK Networks recorded 'earning surprise (surprise performance)' with operating profit of 64.6 billion won in the second quarter. The amount is 71.5% higher than the same period last year.
In addition to Heungkuk Securities this month, Samsung Securities, Hana Securities, Hi Investment & Securities and eBEST Investment & Securities raised SK Networks' target stock prices.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
