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(Photo = Innocean) |
[Alpha Biz= Reporter Kim Jisun] Eugene Investment & Securities predicted on the 18th that Innocean's headquarters and overseas growth are expected. The target price was 29,000 won, and the investment opinion 'buy' was maintained.
Eugene Investment & Securities Co. forecast Innocean's gross profit in the first quarter to rise 9.5 percent on-year to 193.9 billion won and operating profit to 26.3 billion won, up 36.6 percent from a year earlier.
"We are expected to see external growth due to the CES effect and positive volume overseas, mainly in the U.S. and Europe," said Eugene Investment & Securities Co. "In particular, overseas are expected to improve profits as they recover the performance of its digital subsidiary Wellcome, which was acquired in 2019."
"It is positive that external growth remains stable," Eugene Investment & Securities said. "It is noteworthy that the digital portion is increasing by steadily carrying out small mergers and acquisitions at home and abroad to internalize digital capabilities."
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
