© Reuters. 6 out of 10 KOSPI, next year’s earnings forecast ‘red light’
They found that the consensus performance (average of performance estimates) of companies in the stock market for the next year is declining. More and more companies are expected to make less profit than expected.
According to ‘Corporate Performance Estimates 2023’ data from FnGuide, a financial information company, on the 27th, 62.7% of securities market stocks with a lower consensus for next year’s performance compared to three months ago. 37.3% of companies that have been raised. This means that 6 out of 10 first-rate companies have worse earnings prospects.
The most downgraded was SK Hynix. Just three months ago, it was predicted that next year’s operating profit would be over 10 trillion won, but now it has been reduced by more than 99% to 80 billion won. There is also a prediction that he will be in the red next year.
Netmarble’s consensus operating profit also fell 78% from 220 billion won to 48 billion won. LG Display was predicted to see a surplus of 500 billion won just before, but now it is expected to lose 500 billion won. Advanced Solus Materials (-60.9%), HMM (CA:) (-50%), Jeju Air (-45.5%), Hyosung TNC (-43.6%), JoongAng Content Tree (-39.8%), Hana Tour (- 37.8 %) %), SKC (-34%), Lotte Tourism Development (-25.4%), etc. These are mainly companies experiencing down cycles in the industry or whose fundamentals are failing.
Conversely, the consensus for POSCO Chemical rose 61.7% compared to three months ago. Daewoo Shipbuilding and Marine Engineering (37.7%), Nexen Tire (31.2%), SK Gas (30%), OCI (21.3%), LG Energy Solutions (21.1%), Korea Air (KS:) (19.2%), GS (18.4%) %), Hanwha Aerospace (17.1%), Korea Aerospace (16.8%), and Samsung SDI (16.2%) also show high consensus upward rates. Lee Kyung-soo, a researcher at Hana Securities, said, “Stocks with higher earnings and higher target prices need to be given special attention.”
Reporter Seong Sang-hoon uphoon@hankyung.com
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