Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Trump picks ex-N. Korea policy official as his principal deputy national security adviser

    Trump picks ex-N. Korea policy official as his principal deputy national security adviser
  2. 2

    S. Korea not to attend Sado mine memorial: foreign ministry

    S. Korea not to attend Sado mine memorial: foreign ministry
  3. 3

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
  4. 4

    Wealthy parents ditch Korean passports to get kids into international school

    Wealthy parents ditch Korean passports to get kids into international school
  5. 5

    [Weekender] Korea's traditional sauce culture gains global recognition

    [Weekender] Korea's traditional sauce culture gains global recognition
  1. 6

    BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'

    BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
  2. 7

    First snow to fall in Seoul on Wednesday

    First snow to fall in Seoul on Wednesday
  3. 8

    Korea to hold own memorial for forced labor victims, boycotting Japan’s

    Korea to hold own memorial for forced labor victims, boycotting Japan’s
  4. 9

    Over 80,000 malicious calls made to Seoul call center since 2020

    Over 80,000 malicious calls made to Seoul call center since 2020
  5. 10

    Gyeongju blends old with new

    Gyeongju blends old with new
지나쌤

Hyundai Investment Securities projects 26.6% decline in Hyundai Wia’s Q2 earnings

By Korea Herald

Published : July 12, 2016 - 16:22

    • Link copied

[THE INVESTOR] HMC Investment Securities has forecast that machinery maker Hyundai Wia will suffer a 26.6 percent decrease in its second quarter operating profit at 97.4 billion won (US$ 84.59 million).

Sales are also expected to decline, by 1.1 percent to 1.98 trillion won, the brokerage said. Both figures are below market estimates.


However, Hyundai Investment said that sales would recover in the latter half of the year.

The brokerage lowered its target price on Hyundai Wia shares to 130,000 won from the current 145,000 won.

By Kim Ji-hyun (jemmie@heraldcorp.com)

More from Headlines