[Click eStock] "Dong Sung Fine Tec, at the Beginning Stage of Growth"

Hana Securities on the 22nd raised the target price for Dong Sung Fine Tec from 20,000 KRW to 30,000 KRW, stating that despite the recent stock price increase, there is still significant upside potential.

Researcher Wi Kyung-jae of Hana Securities explained, "It is estimated that Dong Sung Fine Tec achieved sales of 164.7 billion KRW and operating profit of 15.6 billion KRW in the fourth quarter of last year," adding, "This represents an increase of 18.5% and 20.9%, respectively, compared to the same period last year." He continued, "The market expectations were sales of 159.2 billion KRW and operating profit of 14.2 billion KRW," noting, "The results reflect orders received between 2021 and 2022."

Researcher Wi analyzed, "Although the annual average new shipbuilding price index has steadily risen over the past four years, the increase in insulation material prices was limited," adding, "The fact that price increases for this year are beginning to be reflected in volume leads to high expectations for performance improvement."

He emphasized, "With the stabilization of raw material prices at a lower level and the strength of the KRW-USD exchange rate, there will be a profit improvement effect," and forecasted operating profit of 70.4 billion KRW for this year.

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