 |
POSCO International Incheon Songdo headquarters. (Photo= provided by POSCO International) |
[Alpha Biz= Reporter Kim Minyoung] Kiwoom Securities said on the 16th that POSCO International will succeed in rebounding in the first quarter of this year and that it should pay attention from now on considering future growth. The company maintained its investment opinion 'Out Form' and lowered its target price from 71,000 won to 54,000 won.
Kiwoom Securities said, "POSCO International's operating profit for the first quarter of this year is expected to be 228.1 billion won," adding, "It is expected that its performance will improve compared to the previous quarter in three quarters."
"Our first-quarter earnings may be somewhat disappointing in that 2022 and last year's earnings were so great," Kiwoom Securities said. "It is positive that we have maintained more than 200 billion won in quarterly operating profit even though the steel industry has been sluggish since the second half of last year."
"The best performance in Myanmar's gas field is expected in the second quarter of this year, expectations for a recovery in the Chinese economy are expected to pick up, and raw material prices are expected to rebound. The operating profit for the second quarter will be KRW 275.2 billion, and the improvement will expand compared to the previous quarter," Kiwoom Securities said.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
