Hanwha Techwin come close rebound opportunities when self-propelled exports would-yu hits

[Korea goyounghun financial newspaper reporter] tongyang securities 20 days when the self-propelled exports sacrament for Hanwha Techwin aims to seize the rally, saying BUY opportunity price was lowered to ₩ 59,000.

Hanwha Techwin sales 1.1683 trillion won, operating profit of 30.5 billion won and net profit achieved a sluggish performance to 22% below the market consensus of 39.3 billion won operating profit at 888 billion.

The reason for tongyang securities Lee, Jae - Won the researchers' poor performance while being earnest that the fourth quarter of last year GTF engine parts long-term supply business had 2015 orders as a primary factor operating margin engine business fell QoQ to cause the loss of the quarter about 10 billion won He started "and" he showed a diagnostic one-time loss of about 8 billion won in the defense division of Poland and the sluggish performance in high-margin export business end ".

The researchers' year operating profit was reflected's downgraded five percent to 188.2 billion won for the fourth quarter earnings, "and" add engine division down, and Hanwha Defense sales forecast 8% lowered to 638.8 billion won, but annual operating profit steady will indicate the level, "he said.

He added, "regret for the performance are now considered fairly reflected in the share price, 1Q11 is, if the vision the level expected and planned as sacrament exports India self-propelled stock prices also will find a rebound opportunity" and "defense-security the forecast says that it is not notchyeoseon the company "thanks to the division and Hanwha system to maintain a long-term growth.



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