GS forecast to post 5.7 trillion won operating profit this year, says Heungkuk Securities
Translated from Korean and summarized by DistantNews. Read the original for the full story.
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- Heungkuk Securities expects GS to benefit from higher operating profit at its core subsidiaries.
- The brokerage forecasts annual operating profit of 5.7 trillion won and third-quarter revenue of 7.7 trillion won.
- It maintained a Buy recommendation and raised its target price to 170,000 won from GS's previous close of 127,100 won.
Heungkuk Securities expects GS to deliver solid results this year as its main subsidiaries improve operating profit.
The brokerage kept its Buy recommendation and raised its target price for GS to 170,000 won. The company closed the previous day at 127,100 won.
Heungkuk Securities forecasts GS will post 5.7 trillion won in operating profit for the year. It also expects third-quarter consolidated revenue of 7.7 trillion won and operating profit of 1.5 trillion won. The revenue and operating-profit forecasts represent year-on-year increases of 18.8% and an unspecified second figure in the provided report.
About this summary
Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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