[Special Stock] HiteJinro, Low Price Buying Opportunity 'Strong'
[Asia Economy Reporter Song Hwajeong] HiteJinro is showing strength amid analysis that the recent stock price decline is a buying opportunity at a low price.
As of 10:32 AM on the 15th, HiteJinro was trading at 34,350 KRW, up 450 KRW (1.33%) from the previous day. It has turned to an upward trend after three days.
Although the fourth-quarter earnings fell short of market expectations, considering the future earnings recovery, it is analyzed as a buying opportunity at a low price. Jomijin, a researcher at NH Investment & Securities, said, "It is one of the companies that can show a significant earnings rebound when the COVID-19 situation eases," adding, "Considering the future sales recovery and the resulting profitability improvement, the recent stock price decline is a timing for buying at a low price."
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- Government Accelerates Expansion of Trade Network... All-Out Response to WTO Reform and EU Steel Regulations
- "If You Booked This Month, You Almost Lost Out... Why You Should Wait Until 'This Day' Before Paying for Flight Tickets"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
HiteJinro recorded consolidated sales of 516.6 billion KRW and operating profit of 23.9 billion KRW in the fourth quarter of last year. This represents a decrease of 7.5% and 27%, respectively, compared to the same period last year, falling short of market expectations.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
