April 27, 2024
Stocks & Bonds
[EQUITIES] ‘Poongsan to gain momentum’
[THE INVESTOR]
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Its operating profit in the fourth quarter last year increased 16.4 percent on-year to 70 billion won, due to rise of copper prices, and defense sector recovered having entered a high season, said analyst Lee Jae-gwang.
Copper prices will remain on an upturn due to the limited supply while demand continues to be steady, and the rise will boost its earnings, underlined the analyst.
Its current stock price, seven times its price-earnings ratio is not burdensome in terms of valuation, he added.
By Hwang You-mee (glamazon@heraldcorp.com)
