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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] On the 18th, Hana Securities Raised the Target Price for Dongwon F&B from 48,000 KRW to 60,000 KRW.
Hana Securities stated, 'Over the past three years, the global average fish price has risen annually: from 1,380 USD per ton in 2021 to 1,690 USD in 2022, and to 1,850 USD in 2023. However, since the second half of last year, fish prices have stabilized downward.
Currently, the global fish price is trading at around 1,500 USD per ton, which is a 15% decrease compared to the same period last year. Considering that the third quarter is a seasonal peak and the fish purchased at the beginning of the year is estimated to be around 1,300 USD per ton, the profit leverage is expected to be maximized. Even considering the high base from the previous year, a double-digit profit increase compared to the same period last year is anticipated.'
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
