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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘Doosan Infracore to post record earnings in Q1’

  • PUBLISHED :April 18, 2018 - 10:21
  • UPDATED :April 18, 2018 - 10:21
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[THE INVESTOR]


Its revenue in the period will hike 21.6 percent on-year to 1.90 trillion won and operating profit by 48.4 percent to 220.1 billion won, widely beating market consensus, said analyst Seong Gi-jong.

The construction equipment market is advancing faster than expected and its earnings and cash flow will be better than estimated, according to the analyst. 

Despite the fact that its Chinese subsidiary DICC is facing a lawsuit, Seong maintained the 12,000 won target price factoring in the rise in earnings prospects.

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

Doosan Infracore’s earnings in the first quarter will be record high, said Mirae Asset Daewoo on April 18, upgrading the recommendation to a “buy” from a “trading buy.”

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