[Click eStock] "Digital Daesung, Daesung AllPass Price Increase... Earnings Growth Expected"

[Asia Economy Reporter Hyunseok Yoo] NH Investment & Securities analyzed on the 16th that Digital Daesung is expected to see earnings growth due to the price increase of Daesung All Pass. The investment opinion was maintained as 'Buy,' and the target price was raised to 13,000 KRW.

Digital Daesung achieved consolidated sales of 55.6 billion KRW and operating profit of 14.8 billion KRW in the third quarter. This represents increases of 37% and 51%, respectively, compared to the previous year. Jiyoon Jeong, a researcher at NH Investment & Securities, said, "Both scale and profitability are results in line with consensus."

Following the third-quarter performance, earnings growth is expected next year due to the 30% price increase of the Pass.

He stated, "The online lecture industry is undergoing market restructuring centered on top operators. Among the 510,000 college entrance exam applicants this year, the number of users of the Daesung MyMac learning app is up to 140,000. Given the favorable external environment such as the expansion of regular admissions and the price increase, it is reasonable to have expectations for earnings growth next year."

He added, "Due to the merger effect this year, maximum profits are expected, and the expansion of dividends is also an investment point."

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