Press Release
HYUNDAI TELECOM, Gross sales with yearly average 10% growth – Daewoo Securities
Daewoo Securities on the 19th day expected that fluttering for flying of HYUNDAI TELECOM (3,735won 15 +0.4%) was started and sales profits would reach 65 billions won increased by 54.7% comparing to the previous year.
Sin Min-Suk researcher expected that as HYUNDAI TELECOM had the balanced orders for 216.6 billions won as of end of last yeat, its growing trend of yearly over 10% would go through 2009.
As load of fixed cost would becomes low from sales increase, sales profits was expected to be increased by 54.7% comparing to the previous year.
Sin researcher stated that "HYUNDAI TELECOM is a home-network solution company with 30% domestic market share" and "since 2000, home-network market has been sharply expanded from the strong willing of government and increase of demand for living convenient facilities for domestic construction companies to strengthen the brand power". Furthermore as the balanced orders as of end of 2004 will reflect to sales from 2007, the outcome will be sharply increased, current stock value was explained to be evaluated as the low evaluated.
Sin researcher added that " based on the expected performance in 2007, estimated ESP is 582won and PER is no more than 6.3 times" and " comparing to average PER of 18.5 times, current stock value is remarkably under evaluated and also comparing to average PER of 12.6 in construction industry, 50% discounted transactions is being performed. So there is sufficient momentum for shock value increase."
Daewoo Securities on the 19th day expected that fluttering for flying of HYUNDAI TELECOM (3,735won 15 +0.4%) was started and sales profits would reach 65 billions won increased by 54.7% comparing to the previous year.
Sin Min-Suk researcher expected that as HYUNDAI TELECOM had the balanced orders for 216.6 billions won as of end of last yeat, its growing trend of yearly over 10% would go through 2009.
As load of fixed cost would becomes low from sales increase, sales profits was expected to be increased by 54.7% comparing to the previous year.
Sin researcher stated that "HYUNDAI TELECOM is a home-network solution company with 30% domestic market share" and "since 2000, home-network market has been sharply expanded from the strong willing of government and increase of demand for living convenient facilities for domestic construction companies to strengthen the brand power". Furthermore as the balanced orders as of end of 2004 will reflect to sales from 2007, the outcome will be sharply increased, current stock value was explained to be evaluated as the low evaluated.
Sin researcher added that " based on the expected performance in 2007, estimated ESP is 582won and PER is no more than 6.3 times" and " comparing to average PER of 18.5 times, current stock value is remarkably under evaluated and also comparing to average PER of 12.6 in construction industry, 50% discounted transactions is being performed. So there is sufficient momentum for shock value increase."