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[Alpha Biz=(Chicago) Reporter Kim Jisun] NH Investment & Securities said on the 26th that Poongsan's fourth-quarter earnings are expected to be strong, adding that stock prices still remain undervalued. The investment opinion was 'buy' and the target price was 55,000 won.
NH Investment & Securities expects Poongsan's fourth-quarter sales to rise to 932 billion won and operating profit to 58 billion won, respectively, from the previous quarter and the same period a year earlier.
"The defense sector will continue to increase due to the seasonal effects of domestic demand and delayed export contracts," said NH Investment & Securities Co. "Poongsan aims to increase its annual defense sales to 1.5 trillion won in 2027 as demand for ammunition continues to grow due to increased global security threats."
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
