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[Alpha Biz=(Chicago) Reporter Paul Lee] Hi Investment & Securities predicted that stock prices will recover soon as Orion is showing rapid external growth overseas despite the worsening economy.
Hi Investment & Securities' combined consolidated sales and operating profit of its four major subsidiaries (Korea, China, Vietnam and Russia) increased 35.6% and 70.6%, respectively, in January this year.
In Korea, the margin ratio improved due to increased sales and lower raw material prices. Sales and operating profit grew 15.0% and 25.6%, respectively. In particular, China's sales growth rate reached 69.5%. Sales growth in Vietnam and Russia also recorded 15%.
Hi Investment & Securities predicted that "sales and operating profit will grow even after the Spring Festival based on solid market dominance in China."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
