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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘Jeju Air’s Q3 earnings disappointing’

  • PUBLISHED :November 08, 2017 - 11:30
  • UPDATED :November 08, 2017 - 11:30
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[THE INVESTOR] Jeju Air has missed third-quarter earnings estimates, said KB Investment and Securities on Nov. 8, lowering the target price to 43,000 won (US$38.58) from 50,000 won.




Its earning guidance showed that its revenue rose 20.3 percent on-year to 266.6 billion won and operating profit by 5.9 percent to 40.4 billion, 13 percent below market expectations, said analyst Kang Seong-jin.

Its earnings were dented by the significant drop in unit price of international passenger rate, noted the analyst. Kang maintained a “buy” recommendation, though, saying that the low-cost carrier still maintains a speedy growth and lead over rivals. 

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

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