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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘SK Networks to improve in H2’

  • PUBLISHED :July 18, 2018 - 09:56
  • UPDATED :July 18, 2018 - 09:58
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[THE INVESTOR] SK Networks will return to normal in the latter half, said Hana Financial Investment on July 18, initiating coverage of the company with a “buy” recommendation and 5,500 won (US$4.88) target price. 




Its cash cow gas station business has slowed down but will recover while the trade sector’s profits are improving despite uncertainties in the Middle East. The car and home appliance rental business will grow as their market share increases, said analyst Yoo Jae-seon.

The company’s revenue this year will reach 14.2 billion won with operating profit of 141.1 billion won. Considering that its earnings will advance in the latter half and its stock price has fallen to a record low, there is ample room to rise, the analyst noted. 

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

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