April 25, 2024

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[THE INVESTOR] Maeil Dairies’ earnings in the third quarter will be strong, said Hana Financial Investment on Aug. 31, maintaining a “buy” recommendation and 125,000 won (US$112.35) target price. 

Despite a high baseline from last year, the weather has been favorable. Revenue and operating profit on a standalone basis in the period will come in at 347.6 billion won and 21.8 billion won, respectively, said analyst Shim Eun-ju. 

The sweltering heat has led to a high demand in the overall beverages sector, including high-margin items like cupped coffee and processed milk. Its product portfolio will also improve. The current stock price, at only 10.5 times its price-earnings ratio is attractive, the analyst noted. 

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