April 25, 2024

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[THE INVESTOR] S1’s earnings this year will set a new record and its stocks are a bargain, said Kiwoom Securities on March 21. 

Both its main businesses, security and building management, will enter a stable upcycle, forecast analyst Ra Jin-seong. The security system sector will see a slight dip in average revenue per users but the number of users will rise 7.6 percent on-year, while building management division is welcoming orders from non-affiliates and smooth renewals from existing customers, explained the analyst.

Its revenue this year will increase 6.5 percent to 1.95 trillion won (US$1.74 billion) and operating profit by 9.4 percent to 225.1 billion won from the previous year, according to Ra.

The analyst maintained a “buy” recommendation and 130,000-won target price advising investors to actively purchase the stocks as the price is “overly attractive.”

By Hwang You-mee (glamazon@heraldcorp.com)