Hanwha Tech won 4Q10 earnings shock ... The target price lowered - Eugene

[Korea hyerin nine financial newspaper reporter] was evaluated Eugene Investment & Securities has recorded an earnings shock in 4Q11 engine division, Hanwha Techwin earnings for 20 days. This lowered the target price of ₩ 50,000 to ₩ 61,600 from existing.

Hanwha Techwin's 4Q11 sales to increase 54.6% YoY to 1 trillion 168.4 billion won, operating profit of 30.5 billion won recorded a turnaround. Lee, Sang - Woo Fellow of the securities were rated as "sales 1.1198 trillion won, below the market consensus expected an operating profit of 39.3 billion won earnings shock.

The researcher's engine sector earnings and defense sector profits decline, and was sluggish earnings continued decisively deficit division, said, "engine division Engine Components business-related research as burden to reflect the performance impact to continue even earnings in 2017 hagien in line with that judgment outlook, simple one-time issues were rated as poor performance will be prolonged. "

In addition, he considered "energy equipment (compressors), industrial equipment (chip mounter) including the third quarter of the massive losses of switching division this fourth quarter, even loss was recognized invariably 'restructuring is completed said," last year's first half earnings deficit of sustainable projects that were stressed and can not but be negative this year earnings forecast.



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