Uncertainty decreases as Hanwha, Hanwha International eliminate risk - Shinhan geumtu

Kept the [financial newspaper goyounghun Korea News] Shinhan Investment Corp. Hanwha Hanwha elimination of risk due to foreign price target to reduce uncertainty BUY saying is ₩ 47,000 for 24 days.

Hanwha surplus transition to the fourth quarter of last year, the operating profit of 155.8 billion won, but fell short of consensus of 287.7 billion won.

Shinhan Financial Investment imhuiyeon researchers "Hanwha solar and other sectors operating losses and Hanwha Life of variable life insurance guarantee reserves 178 billion won additional accrual, scale 70 billion won of Hanwha one-time costs associated with conservative accounting treatment for such a poor performance factors "and" While manufacturing and trading business were in line with estimates of sales 1.4 trillion won, operating profit of 50.9 billion won, "he said.

Im researchers "Hanwha has three years but also positive to overseas risks relieve overseas plant delay compensation reduction phase a successful turnaround in," said "the second half of the year reflect the Mara Hanwha is expected the peak and Yanbu 2 Completion delay compensation is estimated at about 72 billion won, "he said.

This was also diagnosed dwaetdago ensure revenue recognition visibility of nearly 12 trillion won to collect the new town construction in Iraq Mayan service payments $ 560 million (approximately 680 billion won) by 2020.

He added, "The stable sales in Saudi Arabia related to delayed compensation for reduction of the Hanwha and Iraq bis Mayan New City Corporation payment collection, etc. is expected" and "earnings of major subsidiaries such as record-high profits of Hanwha Chemical in accordance with the flagship product prices are forecast "he 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