Tuesday, March 14, 2017

SK, SK Hynix leverage business portfolio, strengthening expectations -NH Securities



[Korea goyounghun financial newspaper reporter] NH Investment & Securities has maintained a holding company saying business and strengthen its portfolio in the target price of ₩ 330,000 BUY leverage SK Hynix for 14 days SK.

NH Investment & Securities gimdongyang researchers "Sales 2017 profit of SK is forecast to 5.591 trillion won, up 5% compared to the previous year, about half of the profit growth is expected to contribute to the LNG business," said "the end of January Paju LNG plant starts gotta operating profit was diagnosed as SK E & S will also be restored. "

Kim researchers "SK E & S's sales are on track to rise in 2018 after SK Biotech expansion progress and SK Bio Farm drug sales start, such as the pharmaceutical business growth is expected to be" and "HonHai with the joint venture FSK Holdings (IT services) and FSK L & S (smart logistics), recently analyzed the argument that the SM core (factory automation) will expand the business through ICT, etc. "

He continued, "Restructuring and related market expectations of subsidiaries Tue, SK Hynix is ​​one still, straight ∙ indirect because you must pay a stake of 7.4 trillion won for the time being will not be easy," said "Rather, SK Hynix, the son company incorporation since the pharmaceutical holding company, and SK has led the semiconductor value chain strengthening, "he said.

In addition, "over the past year and a half acquired SK Materials, SM core, SK has its own business increase sales through LG Siltron, holding companies and strengthening cash flow, sales growth continued M & A (mergers and acquisitions) through a secure such cash the virtuous cycle is expected that, "he predicted.



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