Although it was unable to escape the deficit in the first quarter of last year, it was found that the stock price increase rate of companies that are expected to turn to the black in the first quarter of this year and will make a’V-curve rebound’ outperformed the KOSPI increase rate significantly. Stock markets predict that many economically sensitive industries such as steel, energy, display, and chemicals will survive in the first quarter of this year.
According to F&Guide on the 21st, out of three or more securities firms with earnings forecasts, a total of 15 companies recorded operating losses in the first quarter of last year, but are expected to turn around with operating profits in the first quarter of this year. These’Otukyi Enterprises’ were hit directly by Corona 19 last year, but the operating profit is expected to turn into a positive in one year.
Representative turnaround companies include LG Display (Display), Lotte Chemical and Daehan Petrochemical (Chemical), Hyundai Steel (Steel), Korea Financial Group (Securities), OCI (solar power), HMM (shipping), and Poongsan (metal). Was selected.
According to the Korea Exchange on the day, 13 of these 15 companies have seen their stock price rise this year. Companies expected to turn around this year’s share price growth rate averaged 19%. For example, Korea Petrochemical’s stock price rose 62% this year, and SK Innovation also rose 56%. On the other hand, during the same period, the KOSPI rose about 8% and the KOSDAQ index fell 0.3%.
LG Display’s market interest is whether it will continue its surplus for three consecutive quarters. It turned to a surplus in the fourth quarter of last year, and continued its surplus for two consecutive quarters. As the demand for information technology (IT) products increased, the supply of liquid crystal displays (LCD) also jumped, and sales of large- and medium-sized organic light-emitting diodes (OLED) also increased. In the first quarter of last year, production was disrupted due to Corona 19, and the proportion of plastic OLED products with high selling prices was also affected.
LG Display recorded an operating loss of 3619 billion won in the first quarter of last year, but the stock price is predicting that its operating profit will jump to 43 billion won in the first quarter of this year. Kim Dong-won, a researcher at KB Securities, said, “The demand for IT devices and TV panels is increasing due to the increase in remote demand such as working from home, online education, and home entertainment.” did. LG Display’s share price rose by about 34% this year.
Chemical companies are also gaining strength in the first quarter of this year. In the first quarter of last year, as the downstream industries such as home appliances, smartphones, and automobiles fell into a recession due to Corona 19, the demand for chemical products also decreased, and sales were hit. Lotte Chemical and Korea Petrochemical are representative stocks expected to rebound. Korea Petrochemical posted an operating loss of 45.7 billion won in the first quarter of last year, but it is expected to generate an operating profit of 84.2 billion won this year.
In particular, there is an expectation that the aviation and oil refining industry, which had been greatly slowed down by Corona 19 last year, will also rise in the first quarter of this year.
Korean Air posted an operating profit of 88.2 billion won in the first quarter of this year, which is expected to improve from the same period last year (operating loss of 82.8 billion won), and S-Oil, which recorded the largest deficit since its inception in the first quarter of last year, with an operating loss of around 1 trillion won, is also expected to turn around.
Korean financial holdings also recorded an operating loss of 1679 billion won in the first quarter of last year. As the global stock market plunged, subsidiaries Korea Investment & Securities’ equity-linked securities (ELS) and derivative-linked securities (DLS) suffered massive valuation losses. However, in the first quarter of this year, operating profit of 3205 billion is expected.
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