Cosmax, domestic and international sales will continue to grow - Hanwha

[Korea hyerin nine financial newspaper reporter] Hanwha Securities had expected this to continue on the 15th Cosmax domestic and foreign customers, Musk revenue growth. This recommendation is made BUY, TP maintains 7000 won only 16.

Yiseunguk researcher at the brokerage explained, "natdeut appear in the fourth quarter earnings, unlike the brands the company is domestic demand, limiting the impact of domestic and foreign customers due to issues with the Chinese civet sales growth will continue."

Cosmax posted a 199.7 billion won last year's fourth quarter consolidated sales (+ 47.1% YoY), operating profit of 9.5 billion won (+ 88.1% YoY), net 6.5 billion won (1477.5% YoY).

In the case of domestic sales, despite sluggish domestic demand and domestic new orders were increased Musk customers, was enhanced with increasing direct exports volume growth momentum engage customers in accordance with international diversification.

Cosmax China posted 66.8 billion won in sales (+ 52.0% yoy). New customers in China, depending on a variety of channels, was expanded further stabilize.

The researcher added, "The results of this year's estimated sales of 945.5 billion won, operating profit of 74.6 billion won 'the second half of this year, according to a new product launch growth concentrated in the second half compared to the first half is expected, it said.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com