April 20, 2024

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[THE INVESTOR] NHN Korea Cyber Payment will continue to post solid earnings in the second half, said Hana Financial Investment on Aug. 28, maintaining a “buy” recommendation and 29,700 won (US$26.48) target price. 

Its second-quarter earnings were strong with 83.6 billion won revenue and 5.2 billion won operating profit, boosted by the growth of its payment guarantee business, said analyst Song Seon-jae. The improved profits were based on the changing business environment and will continue into the latter half, added the analyst. 

It is in charge of PAYCO’s payment guarantee whose growth will serve as a momentum for NHN KCP, noted Song.

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