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| 한화솔루션 (사진=한화솔루션) |
[Alpha Biz=(Chicago) Reporter Paul Lee] BNK Investment & Securities analyzed that Hanwha is not profitable in its own business and does not have much room to expand shareholder returns. The target price was lowered from 34,000 won to 33,000 won, and the investment opinion was lowered from 'buy' to 'holding'.
"Hanhwa transferred its defense business to its affiliates and carried out restructuring to absorb and merge Hanwha Engineering & Construction," said BNK Investment & Securities. "In the first year, sales increased by 16.4% compared to the previous year, but operating profit decreased by 11.7%."
This year, it is expected that there will be no significant improvement until the first half of this year due to the extension of last year's business environment.
Alphabiz Reporter Kim SangJin(hoondork1977@alphabiz.co.kr)
