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Shinhan Financial Investment Co., Ltd. (LG.Philips LCD) announced on January 20 that it will "turn around 4Q" for LG Display (034220) In addition to offering a target price of 29 000 KRW.
Shinhan Financial Investment Co., Ltd. Hyundai Investment & Securities badysts say that the note "buy (maintain)" given by badysts will remain unchanged at the last trading session of Shinhan Financial Investment Co., Comments "Buy" are still preserved. Compared with the consensus of all brokerage firm reports released in the last quarter, the investment recommendation announced today is higher than the consensus opinion, which more strongly expresses the expectations of action.
Looking at the target price trend, we lowered the target price some time ago, then raised the target price, but the revised target price is lower than the previous level. In addition, based on the closing price of the previous day, the current price of the stock would be undervalued by 35.5% compared to the target price.
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◆ Information Report Shinhan Financial Investment Co., Ltd. said on LG Display (034220), "The price of 32-inch LCD TV open cell will start to fall in July 2017, % MoM in the 1st quarter, but dropped by 10% per month from April 2018. Prices for open LCD cells have dropped to cost and sales of LCD TVs have been strong due to the Russian world, In July, open-cell LCD screen prices of 32.1 inches rebounded 11.1% in July and prices will remain high until the end of the year. " , Shinhan Financial Investment Co., Ltd. said: "We expect that the operating loss will rise from W98.0bn in the first quarter to W249bn in the third quarter, the operating loss is expected to fall to W65bn from W141bn in the third quarter. We expect that the operating profit of 4T will become black at 49 billion won, since: 1) 32% of open LCD TV cell prices at 4Q11 are expected to increase by 12% QoQ 2) Operating profit OLED TV is estimated at 42 billion W; He said. Meanwhile, OLED TV panel sales are expected to increase 101% year-on-year to 3.26 million units in 2018. OLED TV business is expected to rise from W225 billion in 2017 to a loss operating income of 17 billion in 2018. In 2019, the TV business is expected to post a W4.16tr business turnover (up 58.1% year-on-year) and a profit of Operating income of 283 billion won. |
| ◆ Report Statistics
The investment recommendation of Shinhan Financial Group over the past year has remained largely unchanged. Our target price was recently raised to 40,000 W in July 2017, but it has recently been adjusted to 29,000 W since the announcement of its target price at 27,000 W in July 2018. |
| Meanwhile, according to Sinclair, a provider of securities information, the consensus for the company is "the purchase of shares." If we look at our target price trend, we have dropped three times and the target price has dropped even more. (19659012)] | The lowest | ||
| Investment Comments | Trading Purchase | Buy (maintain) | UNDERPERFORM (MAINTAIN) |
| Public Price | 26,079 | 36,000 | 20,000 |
| We maintain BUY and our target price of W29,000 on Shinhan Financial Group, which is above consensus. And 11.2% more than the average. Hanwha Investment & Securities presented its most conservative opinion on a 36,000 W price target for DB Investment, the most aggressive target price given recently. We hold HOLD on our investment recommendation We present a target price of 20,000 won. |
| <신한금융투자 투자의견 추이> | Opinion Date | Investment Price | Objective | |
| 20180720 | Purchase (maintain) | 29,000 | ||
| 20180711 | 19659031] 19659031] | 40,000 |
| Opinion Date | 37,600 | ||
| 37,000 | |||
| 37,000 | |||
| HOLD (MAINTAIN) | Investment Price | Public Price | |
| 20180720 | Shinhan Investment | Purchase (maintenance) | 29 000 |
| 20180719 | Investment Securities Hai | ] 20 000 | |
| 20180713 | KB Securities | BUY (Maintain) | 23,000 |
| 20180712 | Eugene Investment & Securities | MANAGER (19659030) 24,000 |
The robot robot ET [email protected]
"The ridiculous price !! (F, b, e, v, n, t, s)
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