[Alpha Biz= Reporter Kim Minyoung] Kiwoom Securities' earnings growth for Kia, which recorded an earning surprise in the first quarter, may slow down in the second half, but is expected to continue until the second quarter.

"We also expressed confidence in strong gains in second-quarter earnings through a conference call to announce its first-quarter earnings," Kiwoom Securities said in a report on the 1st. "We succeeded in dispelling peak-out concerns with an 'earning surprise' in the first quarter."

"It is feared that earnings growth will slow down in the second half of this year, but it is likely to exceed 101.1 trillion won in sales and 12 trillion won in operating profit, which we offered as annual performance guidance this year," Kiwoom Securities added.

Foreign exchange gains enjoyed by testicles are unlikely to continue until the second half of the year.

"Kia is expected to record 53 trillion won in sales, 5.5 trillion won in operating profit and 11.1 percent operating profit ratio in the second half of the year," Kiwoom Securities said. "The rise in stock prices is relatively limited by earnings momentum alone, considering political uncertainties in major markets in the second half of the year."

 

 

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