This article is translated by AI company Flitto and Infostock Daily using neural machine translation technology.
효성티앤씨 CI
Hana Financial Investment sharply raised its target price to 1.4 million won from the previous 1.2 million won, saying Hyosung TNC's operating profit will be better in the second half of the year.
Annual sales were 8.312 trillion won, operating profit was 1.24 trillion won, and net profit was 737.8 billion won, up 19.3%, 26.6%, and 29%, respectively.
Hyosung TNC achieved operating profit of 387.1 billion won in the second quarter. This is more than 19% of the market consensus of 326.3 billion won.
Operating profit in the second quarter is a surplus compared to the same period last year, up 57% from the previous quarter.
Hana Financial Investment also raised its annual earnings forecast for Hyosung TNC.
Sales, operating profit and net profit were changed from 6.9682 trillion won, 980.4 billion won and 572.1 billion won to 8.3122 trillion won, 1.2408 trillion won and 737.8 billion won, respectively. Sales were raised by 19.3% and operating profit and net profit increased by 26.6% and 29%, respectively.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com