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[Alpha Biz=(Chicago) Reporter Kim Jisun] NH Investment & Securities predicts that Ecoprobm will record less than market estimates in the second quarter.
NH Investment & Securities expects EcoProBM's operating profit in the second quarter of this year to reach KRW 119.2 billion, up 16% from the same period last year, but lower than market expectations by 10%. Sales are expected to reach 1.98 trillion won, up 67 percent from a year earlier, but 9 percent below market expectations.
"Sales prices in the second quarter fell about 5% from the previous quarter due to a drop in lithium prices at the beginning of the year, and there was a temporary slump in shipments due to the conversion of the CAM5N plant," said NH Investment & Securities. "One of the reasons is that the recovery of demand for power tools was delayed than expected."
"The fall in sales prices and conversion investment will have some impact until the third quarter," said NH Investment & Securities. "We expect sales prices in the third quarter to fall by 8% compared to the previous quarter and shipments will increase by 18%."
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
