[Click eStock] "Orion, Increased Valuation Appeal Due to Recent Stock Price Decline"

On the 14th, Kiwoom Securities maintained a 'Buy' rating on Orion, stating that the recent stock price decline has increased its valuation attractiveness. The target price was set at 142,000 KRW.

Park Sang-jun, a researcher at Kiwoom Securities, explained, "Stable profit growth is expected thanks to cost stabilization and growth centered on sales volume, and the recent stock price decline has expanded valuation attractiveness. Since the company still maintains excellent overall cash flow and has established a stable net cash structure, it is judged that a strengthening of shareholder return policies can be expected in the mid to long term."

Operating profit on a consolidated basis for the first quarter is expected to meet market consensus. Orion's combined sales by country in February recorded 193.5 billion KRW in revenue and 24.1 billion KRW in operating profit.

Researcher Park Sang-jun analyzed, "The Chinese subsidiary's sales growth is expected to weaken in March, and competition in the protein bar and energy bar markets in the Korean subsidiary is a concern. However, with overall cost stabilization, the Vietnam and Russia subsidiaries are showing solid sales growth, so the company's first-quarter operating profit is expected to meet market consensus."