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THE INVESTOR
June 19, 2018
Big Reunion

Stocks & Bonds

[EQUITIES] ‘Fila Korea boosted by strong subsidiary’

  • PUBLISHED :March 08, 2018 - 11:31
  • UPDATED :March 08, 2018 - 11:31
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[THE INVESTOR]


The US subsidiary’s operating profit in the fourth quarter last year surged 274 percent on-year to US$26.4 million, beating market consensus, and its first-half earnings prospects are bright as golf industry recovers and it strengthens the product lineup, said analyst Yoo Jeong-hyeon. 

The positive outlook combined with Fila’s growth in Korea and China will continue to boost the company’s value up for the time being, forecast the analyst. 

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

Fila Korea’s corporate value will be sustained by strong performance of its subsidiary Acushnet, said Daishin Securities on March 8, maintaining a “buy” recommendation and 133,000 won (US$124.28) target price.

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