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Nongshim headquarters. (Photo=Nongshim) |
[Alpha Biz= Reporter Kim Minyoung] IBK Investment & Securities lowered Nongshim's target price from 570,000 won to 500,000 won on the 19th. This is due to the downward revision of the EPS estimate for 2024-2025.
"The consolidated operating profit in the first quarter is estimated to be 64.5 billion won. The consensus is 66.6 billion won," said IBK Investment & Securities. "There is no increase in sales and management costs, but the cost burden seems to remain."
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
