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On the 19th, Hana Financial Group stated that it expects Deutsche Motors ( 5,630 0 0.00% ) to expand its main business
Lee Jung-ki, of the brokerage firm, said: "The consolidated sales and operating profit of Deutsche Motors for the second quarter were respectively 291.2 billion won and 8.7 billion won Despite the fact that the Qoq rate of Deutche Auto World in 2Q09 fell sharply (around 3%) compared to the previous quarter (around 6%), the strong performance of the company based on on A / S
The new car division (BMW, MINI) recorded a slight decrease in sales compared to the first quarter (242.6 billion won). Inventories are on track for the launch of Series 3 complete change in 1Q.
In the second half, sales of Model X 3 to full change, released in the first half, showed a favorable performance,
In the second half, sales and profit margins of the new car segment are expected to remain solid, with the company planning to launch popular models such as that models 520i and X5 full changes. "It is estimated that operating profits doubled QoQ due to the increase in production capacity of about 30% of the production capacity last year, and the 39, improving the large-scale profitability of large-scale stores (sheet and paint).
Given that A / S is the key to improving earnings, we expect earnings growth to continue in 2H09.
The pre-sales business figure of Deutsche OttoWorld in the second quarter was about 1.2 billion won compared to the previous quarter (about 3.4 billion won).
The researcher said: "Since the construction of the framework will begin in the third quarter, the rate of increase in the treatment rate will be at full speed," he said,
The figure of Business and operating profit of Deutsche Motors for 2018 are expected to increase by 25.4% and 215.2% respectively to reach 1.19 trillion won and 36.9 trillion won respectively.
19659002] He said, "The current stock price is trading at a 4.8x PER based on the 12-month forecast." We expect full-sales growth from the company, profit improvement to the A / S division, Considering that the share price is a remarkably undervalued section. "
Jung Hyung-seok, journalist Hankyung.com [email protected]
Hello, here is Jung Hyung-suk.
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