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| 한화솔루션 (사진=한화솔루션) |
[Alpha Biz=(Chicago) Reporter Paul Lee] Hanwha Solutions' stock price is plummeting.
As of 9:52 am on the 23rd, Hanwha Solution was traded at 27,150 won, down 2,150 won (7.32%) from the previous trading day. Hanwha Solution Woo also fell 4.96 percent.
The previous day, the company announced that its consolidated operating profit fell 34.6% on-year to KRW 604.5 billion last year. Sales rose 1.2 percent over the same period to 13.2887 trillion won.
Stock markets forecast that both the chemical and solar sectors will see their earnings deteriorate in the first half of this year, lowering the target price of Hanwha Solution.
Securities firms such as Hyundai Motor Securities (56,000 won → 32,000 won), Mirae Asset Securities (51,000 won → 33,000 won), Shinhan Investment & Securities (50,000 won → 36,000 won), Daol Investment & Securities (47,000 won → 31,000 won), and Hanwha Investment & Securities (45,000 won → 29,000 won) offered lower target prices than before.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
