[THE INVESTOR] Dong-A ST will begin to improve from the third quarter, said SK Securities on Oct. 18, maintaining a “buy” recommendation and 120,000 won (US$12.04) target price.
Its third-quarter revenue will rise 7.1 percent on-year to 146 billion won and operating profit will surge 275 percent to 6.3 billion won, said analyst Lee Dal-mi.
Its new products will serve as momentum for full-fledged earnings growth, and the upturn will continue through 2018, forecast the analyst. The issue of negligence and embezzlement by executives that came to light in August, has passed the worst phase, she added.
By Hwang You-mee (glamazon@heraldcorp.com)