Daishin Securities "Doosan Infracore, the US economy improved in accordance with actual demand increases confirmation."

Kept the [South Korea goyounghun financial newspaper reporter - 16 days instead of the Securities should ensure Recommendation, saying the real demand for increase of the US economic recovery Doosan Infracore 'market return' to the target price of ₩ 9,000.

Doosan Infracore past four quarters earnings were slightly below the estimate by Daishin Securities sales and operating profit.

Daishin Securities yijiyun researchers, "said the Chinese excavator sales have increased by 100% compared to the previous year, while 22% sales and operating profit in the dry season Division except for the Bobcat YoY, 12%" and "On the other hand Bobcat inventory of daerisang advanced ahead of the presidential election while sales decreased 7% to adjust the effect of market expectations it was diagnosed short of levels. "

The researchers' 2017 earnings guidance is sales took a conservative to reflect the rising labor costs, tier 5 engine research and development costs, and G2 engine prices for delivery to the Bobcat to 6.1 trillion won, "said" China's excavator sales in high-level The estimate, "he said.

He added, "China's excavator market in about positive, but sales in the absolute share of reserves and that Bobcat on to the market expectations and earnings gap has," said "the first half until the Chinese excavator sales are announced each month in mid-short-term trading in the approach recommended and must increase investment, ensuring real demand of the US economy after the first quarter earnings improvement, "he predicted.



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