This article is translated by AI company Flitto and Infostock Daily using neural machine translation technology.
HDC현대산업개발
Hanwha Investment & Securities has raised its investment opinion 'buy' and target stock price for HDC Hyundai Industrial Development from 33,000 Won to 38,000 Won.
The securities firm explained that it calculated the target stock price calculation by applying 0.75 times the target multiple (formerly 0.7 times) to the 12-month BPS 50,346 One.
HDC Hyundai Industrial Development's consolidated sales in the second quarter were 812.4 billion won and operating profit was 104.9 billion won, respectively, growing -15.1% and -28.8% year-on-year.
In the wake of sluggish supply of new apartments in 2019, double-digit sales continued to decline in the second quarter following the last quarter.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com