April 19, 2024
Stocks & Bonds
[EQUITIES] ‘Daelim continues to be undervalued’
[THE INVESTOR] Daelim Industrial will improve its performance this year and remains undervalued, said Kyobo Securities on April 28, maintaining a “buy” recommendation and raising the target price to 13,000 won (US$114.35) from 105,000 won. 
Its construction and petrochemical sectors will continue to post stable profits while its overseas business will recover and be relieved from subsidiaries’ risk, said analyst Baek Gwang-je, strongly recommending to buy its stocks.
Its earnings this year will rise sharply from the previous year boosted by the rapid improvement in its subsidiaries, according to the analyst, estimating that its earnings per share will be over 13,000 won at the end of this year.
By Hwang You-mee (glamazon@heraldcorp.com)
