SK Networks, LPG sales, product sales combined group expects - Shinhan geumtu

[Korea financial newspaper goyounghun News] Shinhan Investment Corp. retained the last four days debt falling due LPG filling business sale for SK Networks Group distribution business, combined with product sales expected doendamyeo opinions investment BUY Target price 9500 won in.

SK Networks is above the bar decided to sell the LPG filling business. Sale price is 310.2 billion won, PBR (PBR) was 1.0 times higher. LPG filling business posted a 195 billion won last year's sales and operating profit of 13.1 billion won and net profit 7.1 billion won, 299.8 billion won net assets.

Shinhan Investment heominho researchers to expect, "If the SK Magic profits to 6.7 billion won loss occurs due to the discontinued operations of the Walkerhill Hotel reflects 9.3 billion won earnings to trading strong performance, etc. is expected" and "increase rental Operating algebra and SK magic performance due growth is expected to accelerate, "said diagnosis.

Allowed the researchers "LPG business sold a net year debt is 960.4 billion won, down 700 billion won, net debt to equity ratio is 30.9% down from 37.8% is expected," it said "This provided the financial resources for M & A and the medium to long term, SK Magic appliances IOT services, points can be shared, such as mobile phones, car rental, gas stations, etc. distribution business group combined with product sales through "forecast said.



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