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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Minyoung] Hana Securities lowered its target price of SBS from 32,000 won to 29,000 won on the 16th. It is on a downward trend after offering 70,000 won in May 2022. The closing price on the 14th is 22,300 won.
"Considering the continuing difficult business conditions, we have slightly lowered the valuation," Hana Securities said. "The high volatility of stock prices also normalized and fell as the parent company's workout issues are almost closed," Hana Securities said. "The period adjustment is expected to continue further in the short term, but stock prices around P/E 7 times in 2025 have significantly reflected this."
SBS's first-quarter sales fell 4% year-on-year to 209.6 billion won and operating profit -12 billion won. The operating profit consensus is -1.7 billion won below.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
