April 24, 2024

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[THE INVESTOR] Hansol Chemical will post record earnings this year, said eBEST Investment and Securities on May 25, maintaining a “buy” recommendation and raising the target price to 100,000 won (US$92.52) from 95,000 won.

Its revenue in the second quarter will rise 15.9 percent on-year to 142.5 billion won and operating profit by 46.8 percent to 26.8 billion won. 
Revenue for the whole year will advance 10 percent from last year to 574.3 billion won and operating profit by 24.4 percent to 98.4 billion won, a record high, on the back of increasing demand for hydrogen peroxide as its client builds manufacturing lines for memory chips, said analyst Eo Gyu-jin.. 

Its earnings will continue to grow until 2019, forecast Eo, adding that its stock price is attractive at 10.6 times its price-earnings ratio. 

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