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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Minyoung] "Samyang Food, operating profit for the second quarter will exceed expectations"
IBK Investment & Securities analyzed on the 4th that Samyang Food's operating profit in the second quarter of this year will exceed market expectations. The target price has been raised from 460,000 won to 720,000 won.
IBK Investment & Securities said, "Samyang Foods will have achieved 377.4 billion won in sales and 92.1 billion won in operating profit in the second quarter of this year, up 32.2% and 109.0%, respectively, from the same period last year."
IBK Investment & Securities said, "Market expectations are sales of 384.2 billion won and operating profit of 76.8 billion won. Amid strong exports and falling costs, the increase in the won-dollar exchange rate was greater than in the first quarter."
"We are focusing on exports to the U.S., China and Europe," said IBK Investment & Securities Co. "With limited production capacity, we will focus on exports to the U.S. and Europe, which have high sales and sales margins, while adding goods related to the China 618 Shopping Festival, which will have led to solid sales."
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
