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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘KAI to turn to black this year’

  • PUBLISHED :April 06, 2018 - 11:34
  • UPDATED :April 06, 2018 - 11:34
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[THE INVESTOR] Korea Aerospace Industries will turn to black as its earnings stabilize with more orders, said NH Investment and Securities on April 6, maintaining a “buy” recommendation and 63,000 won (US$59.18) target price. 




Revenue in the first quarter fell 8.5 percent on-year to 537 billion won but operating profit surged 271.9 percent to 40.9 billion won, said analyst Yoo Jae-hun. 

The Surion project is normalizing and revenue from KF-X fighter program and light armed helicopters are rising, according to the analyst.

Its revenue this year will rise 18.3 percent from last year to 2.45 trillion won and operating profit will turn to black at 181.1 billion won, estimated Yoo. Net profit will also reverse to black at 124.4 billion won, he said.

The amount of new orders this year will increase to 2.5 trillion won and it will be able to grow in size from next year, along some new orders including that for trainer jets from the US that will propel stock price rise, added the analyst. 

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

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