April 20, 2024
Stocks & Bonds
[EQUITIES] ‘Vitzro Cell’s stock price undervalued’
[THE INVESTOR] Vitzro Cell’s stock price is undervalued, given that its fourth-quarter revenue last year rose 19 percent to 32.1 billion won (US$27.91 million) and operating profit by 40 percent to 6.7 billion won from a year ago, said Mirae Asset Daewoo on Feb. 14.
The securities firm raised the target price to 19,000 won from 16,400 won..
Revenue from batteries with higher margins including high temperature batteries in North America and batteries for electricity and gas meters in Europe leaped, beating the estimated operating margin. The weak South Korean won in the fourth quarter also boosted its earnings, said analyst Choo Yeon-hwan, adjusting its 2017 earnings estimate to 126.8 billion won in revenue and 24.7 billion won in operating profit, up 39 percent and 54 percent on-year, respectively.
By Hwang You-mee (glamazon@heraldcorp.com)
The securities firm raised the target price to 19,000 won from 16,400 won..
Revenue from batteries with higher margins including high temperature batteries in North America and batteries for electricity and gas meters in Europe leaped, beating the estimated operating margin. The weak South Korean won in the fourth quarter also boosted its earnings, said analyst Choo Yeon-hwan, adjusting its 2017 earnings estimate to 126.8 billion won in revenue and 24.7 billion won in operating profit, up 39 percent and 54 percent on-year, respectively.
By Hwang You-mee (glamazon@heraldcorp.com)
