April 24, 2024

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[THE INVESTOR] SK Materials’ earnings will rise sharply in 2019, said Hanwha Investment and Securities on Oct. 23 raising the target price to 240,000 won (US$211.36) from 200,000 won.

Its earnings in the third quarter has reached a record high with 186.0 billion won revenue and 51.2 billion won operating profit. Moreover, the performance of its subsidiaries improved significantly. SK Trichem’s revenue surged 150 percent from the previous quarter to 20 billion won, and SK Air Gas’s revenue hiked 15 percent, said analyst Lee Sun-hak.

Its operating profit next year will rise 26 percent from this year to 231 billion won, as sales of NF3 will gain over 10 percent while revenue of SK Trichem and Air Gas will advance 89 percent and 22 percent, respectively, the analyst forecast.

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