LS SECURITIES began analysis of the ORION stock and set a target price of 160,000 won. This is based on the assessment that performance will improve this year due to the recovery of consumption in the Chinese market. The investment opinion was given as 'buy.'
On the 20th, LS SECURITIES projected ORION's sales for this year to be 3.3312 trillion won and operating profit to be 575 billion won. Last year's sales and operating profit were recorded at 3.104 trillion won and 544 billion won, respectively.
Park Seong-ho, a researcher at LS SECURITIES, noted, "Recently, the stock price showed a rebound, reflecting the expectations from the recovery in Chinese consumption, but the current stock price of 116,900 won is still undervalued."
LS SECURITIES observed that, although ORION's Chinese subsidiary's operating profit declined more than 10% compared to the same period last year in April, it was attributed to aggressive discount policies aimed at inventory clearance by competitors.
Researcher Park stated, "Considering the revenue of competitors, this issue is likely to be temporary," adding, "The growth of the Russian subsidiary continues, supported by the strength of the ruble and strong demand centered around pies."