Kangwon Land’s Fortunes Soar: Betting Limits Skyrocket, Target Price Follows Suit
Weekly Stock Market Target Price Up/Down Review
Kangwon Land, Amorepacific, and Clio: A Week of Target Price Revisions
This week, the securities industry focused on Kangwon Land, with analysts praising the government’s relaxation of regulations on the company. The deregulation is expected to improve profitability and have a positive effect on the company’s value.
Kangwon Land: Deregulation and Value-Up ‘Double Windfall’
Kangwon Land announced a change in casino business regulations, including an expansion of the casino’s general business area, an increase in the number of casino tables and machines, and an expansion of the foreigner-only zone users. Lee Ki-hoon, a researcher at Hana Securities, raised the target price from 20,000 won to 22,000 won, citing the company’s mid- to long-term investment plan and the permission to change business restrictions as the first step toward gradual deregulation.
Lim Su-jin, a researcher at Daishin Securities, also raised the company’s target price from 20,000 won to 21,000 won, expecting an increase in table sales, machine sales, and combined sales. Kim Hye-young, a researcher at Daol Investment & Securities, raised the target price for Kangwon Land from 16,000 won to 21,000 won, citing the possibility of additional deregulation.
Amorepacific, Clio, and Aekyung Industrial: Lowered Target Prices
This week, the stock market saw a series of downward revisions to the target prices for cosmetics companies such as Amore Pacific, Clio, and Aekyung Industrial. NH Investment & Securities lowered its target price for Amore Pacific, predicting that the company’s third-quarter performance would fall short of market consensus.
Jeong Ji-yoon, a researcher at NH Investment & Securities, lowered the target price from 200,000 won to 180,000 won, citing a large deficit in China and a decline in sales growth. Sangsang Securities lowered its target stock price for Clio from 46,000 won to 40,000 won, pointing out that sales growth has slowed while its growth momentum has shifted overseas.
Kim Hye-mi, a researcher at Sangsang Investment & Securities, analyzed that Clio’s consolidated sales for the second quarter were 92.6 billion won, and operating profit was 9.6 billion won, showing higher growth overseas than in Korea. However, H&B (Health & Beauty) channel sales are rapidly slowing down.
Researcher Kim also lowered the target price for Aekyung Industrial Co., Ltd. from 30,000 won to 27,000 won, citing a decline in performance in the household goods sector due to the sluggish market and intensifying competition.
Other Notable Target Price Revisions
Yuanta Securities raised the target price for Korea Zinc from 510,000 won to 550,000 won, praising the company’s high shareholder return rate. IBK Investment & Securities raised the target price for Thezonebizon from 58,000 won to 72,000 won, evaluating the company’s evolution into a total service company based on artificial intelligence (AI).
Shinhan Investment & Securities raised the target price for Hana Financial Group from 77,000 won to 81,000 won, predicting that the stock will become the leading stock in the banking industry in the second half of the year.
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