[THE INVESTOR] Hanwha Aerospace’s earnings are likely to improve, said NH Investment and Securities on Nov. 28 suggesting a “buy” recommendation and 44,000 won (US$38.91) target price.
Its subsidiaries, Hanwha Techwin, Hanwha Power System and Hanwha Precision Machinery, have succeeded in advancing profits after consistent restructuring. Its cash cow defense sector will maintain a dominant position with leading items, and steadily grow until 2020, while its prospective future businesses are secure, said analyst Choi Jin-myeong.
Factoring in the fact that it could acquire an aviation machinery and machine tools business in January, its revenue will rise to 650 billion won next year with operating profit of 40 billion won, estimated the analyst.
By Hwang You-mee (email@example.com)