April 20, 2024

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Analyst Chang Yun-su raised estimates for its operating profit in the first quarter by 30 percent, citing declining price of old paper and the possibility of price rise. Its revenue this year will reach 1.85 trillion won and operating profit will be 64 billion won, according to the analyst. 

Its stock price has been rising in tandem with improving market conditions but its margins in the last three months have been relatively low from concerns that pulp price might rise. However, pulp prices will stabilize from the second quarter, said Chang. 

Hansol Paper’s stocks have hit a record low and factoring in the dividend rate at approximately 4 percent, they will rebound when the pulp price begins to fall, added the analyst. 

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