[Click eStock] "JS Corp, Triple Advantage of Performance, Undervaluation, and Shareholder Value... Target Price Up"

Daishin Securities raised the target price for JS Corporation from 27,000 KRW to 30,000 KRW on the 16th, stating that the company "has the three key factors of improved performance, undervaluation appeal, and shareholder value enhancement policies." The investment rating of 'Buy' was also maintained.

[Photo by JS Corporation Official Website]

On the same day, Yu Jeong-hyun, a researcher at Daishin Securities, said, "JS Corporation recorded sales of 219.4 billion KRW and operating profit of 23.1 billion KRW in the fourth quarter of last year, representing increases of 20% and 25% respectively compared to the same period last year," adding, "Despite the unfavorable conditions caused by the decline in exchange rates, there was a recovery in sales and a fundamental improvement in production efficiency." In particular, the high-margin handbag business achieved an operating profit margin (OPM) of 18%, marking a quarterly record high.

The outlook for this year is even brighter. Researcher Yu explained, "The price-to-earnings ratio (PER) based on this year is only about 4 times, indicating an undervalued state," and added, "Sales in the handbag segment are expected to increase significantly by more than 40%, making the profit outlook very positive." He also noted, "The company is actively enhancing shareholder value through dividends," and added, "There is a high possibility of dividend increases due to the increased profits last year."