Pumtec Korea is showing strong performance. The analysis that its Q2 earnings this year will exceed expectations seems to be influencing the stock price.
As of 2:54 PM on the 18th, Pumtec Korea is trading at 47,150 KRW, up 8.39% from the previous day.
Hanwha Investment & Securities estimated that Pumtec Korea will achieve consolidated sales of 84.9 billion KRW and operating profit of 12 billion KRW in Q2 this year. This represents increases of 11.9% and 16.3%, respectively, compared to the same period last year.
Han Yoo-jung, a researcher at Hanwha Investment & Securities, said, "The previously estimated operating profit was 11.6 billion KRW, and the market expectation was 11.3 billion KRW, but it is expected to exceed these figures," adding, "sales to the top two domestic brand companies and exports to domestic indie brand companies are expected to increase due to the brand portfolio expansion strategy."
She continued, "The new operation of the 3rd and 4th floors of the land and building newly acquired in July last year is underway," and "following the expansion of one PE tube line in January this year, additional expansion of PE tube lines is also being considered," she analyzed.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
