April 19, 2024
Stocks & Bonds
[EQUITIES] ‘Interpark hurt by heightened competition’
[THE INVESTOR] Interpark missed market expectations in the fourth quarter last year due to heightened competition, said Hana Financial Investment on Feb. 15, lowering the target price to 10,000 won (US$8.75) from 13,000 won.
Its operating profit declined across the sectors except for entertainment, and tourism in particular turned to red with 1.4 billion won operating loss reflecting the cost of TV commercials, explained analyst Lee Gi-hun. The company was also fined 4.5 billion won for breach of private information that led to 2.5 billion won net loss, added Lee.
Although the analyst maintained a “neutral” rating, Lee forecast that its earnings will begin an upturn this year on the back of improved tourism market and ticket sales of PyeongChang Winter Olympics. Its stock price too might rise sharply in accordance with the speed of recovery in the latter half.
By Hwang You-mee (glamazon@heraldcorp.com)
Its operating profit declined across the sectors except for entertainment, and tourism in particular turned to red with 1.4 billion won operating loss reflecting the cost of TV commercials, explained analyst Lee Gi-hun. The company was also fined 4.5 billion won for breach of private information that led to 2.5 billion won net loss, added Lee.
Although the analyst maintained a “neutral” rating, Lee forecast that its earnings will begin an upturn this year on the back of improved tourism market and ticket sales of PyeongChang Winter Olympics. Its stock price too might rise sharply in accordance with the speed of recovery in the latter half.
By Hwang You-mee (glamazon@heraldcorp.com)
