[Click eStock] "HanmiGlobal, Continued Strong Performance and Expansion into Metaverse Services... Target Price Up"

[Asia Economy Reporter Hyunseok Yoo] KTB Investment & Securities analyzed on the 17th that HanmiGlobal's strong performance is expected to continue until next year. The investment opinion was maintained as 'Buy,' and the target stock price was raised from 13,000 KRW to 15,000 KRW.

HanmiGlobal recorded sales of 68.8 billion KRW and operating profit of 6.2 billion KRW in the third quarter. Compared to the same period last year, sales decreased by 4%, but operating profit increased by 5%. Jaeyoon Kim, a researcher at KTB Investment & Securities, said, "The U.S. subsidiary OTAK is expected to benefit from the U.S. economic stimulus policies," adding, "Biden's 1.2 trillion USD stimulus policy will act as a benefit to OTAK, a specialized infrastructure CM company."

He also expected growth in the HG Precon service. He emphasized, "HG Precon is a service that constructs buildings in advance through pre-simulation at the pre-construction stage," and added, "It serves as a construction metaverse platform that builds desired buildings in a virtual space." He continued, "Through the metaverse, it is possible to dramatically enhance the goals for project cost, schedule, and quality, and customers can receive benefits such as shortened construction periods and cost reduction."

In particular, sales and operating profit for next year are expected to reach 732 billion KRW and 39.1 billion KRW, respectively, representing increases of 22.1% and 66.4% compared to the same period last year. He explained, "Considering the performance growth of the subsidiary OTAK due to the Biden administration's infrastructure investment and the increase in orders this year, significant performance growth is expected in 2022," and added, "The HG Precon metaverse service is highly likely to lead to an improvement in overall company profit margins."

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