[Click eStock] "Danawa Maintains High Growth Momentum"

[Asia Economy Reporter Park Jihwan] Ebest Investment & Securities maintained a buy rating on Danawa on the 3rd, stating that "4th quarter operating profit is expected to increase by 70% year-on-year, maintaining a high growth trend."

Jung Hongsik, a researcher at Ebest Investment & Securities, said, "Danawa's 4th quarter consolidated sales increased by 151.4% year-on-year to 86.2 billion KRW, operating profit rose by 70.7% to 9.1 billion KRW, and net profit grew by 70.1% to 6.3 billion KRW, exceeding the previous quarterly record by 23%.

Researcher Jung analyzed that this was due to the improved performance of its subsidiary Danawa Computer (2018 Sales 29 billion KRW → 2019 Sales 65 to 70 billion KRW), the turnaround of Neugdaewa Yeou Computer which had recorded losses, and increased transaction volume in mobile and online sectors.

Danawa's strong performance is expected to continue this year as well.

Researcher Jung stated, "Although last year’s results were significantly improved due to one-time sales, the transaction volume of mobile and home appliances in online shopping is increasing annually, so this year as well, there should be no major obstacles to the continued rise in operating profit."

This content was produced with the assistance of AI translation services.