KB Financial 2quarterly net profit 2trillion-won forecast; Hanwha Systems target 12ten-thousand-won figures and other brokerage reports
Brokerages 6month 11day reports forecast KB Financial’s 2quarterly net profit at 2trillion won and raised its target price. On the same day, Hanwha Systems had a target price of 12ten thousand won, while VM announced a 45.8% increase in its target price and its inclusion in KOSDAQ150.
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KB Financial’s 2quarterly net profit was forecast at around 2trillion won. Brokerage analysis described it as a record high. Some brokerages raised their target prices. The reports generally cited 2quarter performance improvement as the basis.
Hanwha Systems was assessed as controlling the core value chain of the K-defense industry. The brokerage set a target price of 12ten thousand won. The report cited orders and the product portfolio in the defense sector as the basis. The report detailed the basis for calculating the target price.
VM was newly added to KOSDAQ150. Daol raised its target price by 45.8%. The report said the inclusion effect and new customers supported growth expectations. It explained that changes in supply and demand upon inclusion in KOSDAQ150 were reflected.
A report said that rising freight rates would offset the impact of high oil prices on Korean Air. The securities firm36,000maintained its target price in won. The report identified fluctuations in freight and passenger demand as points to watch. The report also presented the related assumptions and sensitivity variables.
HiteJinro lowered its earnings outlook due to a decline in alcohol consumption. Some securities firms cut their target prices by8%. The report cited weak demand in the at-home and dining-out channels as the basis. The report specified the reasons for lowering its earnings estimates.
KG Steel lowered its target price to reflect uncertainty over global demand. The securities firm cited demand trends in economically sensitive sectors as the reason. The report stated that uncertainty in raw-material and demand variables was the basis. These reports were released6in the month of11on the day.