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THE INVESTOR

Stocks & Bonds

[EQUITIES] ‘Fila Korea to recover gradually’

  • PUBLISHED :September 14, 2017 - 10:32
  • UPDATED :September 14, 2017 - 10:32
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[THE INVESTOR] Fila Korea will gain momentum gradually, said Hyundai Motor Investment and Securities on Sept. 14, maintaining a “buy” recommendation and 90,000 won (US$79.47) target price. 




Its domestic earnings have been improving and in the latter half, Fila USA and subsidiary Acushnet will pick up as well, said analyst Song Ha-yeon. 

The firm has closed down underperforming stores and shifted its focus to wholesale so that it can maintain its sales while reducing its stock burden, noted the analyst, adding that by with price competitiveness, it can boost revenue and profits. 

Its US operations and Acushnet on the other hand are tapping into high-end market, and the golf product subsidiary has a new product rollout scheduled in the latter half, said Song estimating that its revenue in the third quarter will surge 225.9 percent on-year to 572.1 billion won and operating profit by 314.5 percent to 25.8 billion won.

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