▶주메뉴 바로가기

▶본문 바로가기

THE INVESTOR
October 24, 2018
Big Reunion

Stocks & Bonds

[EQUITIES] ‘POSCO to continue to grow this year’

  • PUBLISHED :January 02, 2018 - 11:32
  • UPDATED :January 02, 2018 - 11:32
  • 폰트작게
  • 폰트크게
  • facebook
  • twitter
  • sms
  • print

[THE INVESTOR]


Its revenue in the fourth quarter last year will rise 3.6 percent on-year to 15.6 trillion won and operating profit by 173.5 percent to 1.29 trillion won, estimated analyst Bang Min-jin.

While change in commodities price is limited, shipment prices rose, expanding the margin spread of carbon steel, and its profit momentum will be clear, noted the analyst. 

The price upturn will continue for the time being as Chinese buyers build up inventory and steelmakers stock up on commodities before resuming manufacturing, said Bang adding that China’s adjustment in supply and expansion in infrastructure investment will bolster favorable supply and demand.

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

POSCO will maintain growth momentum this year, said Eugene Investment and Securities on Jan. 2, maintaining a “buy” recommendation and 450,000 won (US$422.06) target price. 

  • facebook
  • twitter
  • sms
  • print

EDITOR'S PICKS