April 20, 2024

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[THE INVESTOR] Daelim Industrial’s second-quarter earnings were solid, said KTB Investment and Securities on Aug. 3, upgrading the recommendation to a “buy” from a “hold” and raising the target price to 110,000 won (US$97.47) from 100,000 won.

As per its earnings report, operating profit hiked 57 percent on-year to 225 billion won, 25 percent higher than market expectations, noted analyst Kim Seon-mi. 

Orders for petrochemical plants at home and abroad will increase next year and the company’s plans to win orders is expanding, according to the analyst who added that time has come to reassess its valuation. 

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