[EQUITIES] ‘Interpark will disappoint in Q2’
[THE INVESTOR] Interpark (108790) will miss market expectations in the second quarter, said NH Investment and Securities on June 28, lowering the target price to 13,000 won (US$11.36) from 15,000 won.
Its revenue will reach 103 billion won and operating profit 2.9 billion won, estimated analyst Lee Hyo-jin, as both shopping and book sectors continue to struggle. Its travel unit will succeed to turn to black but entertainment department will not have much to contribute being a low season for concerts, said the analyst.
The securities firm will maintain a “hold” recommendation until its growth engine travel unit resumes progress, added Lee.
By Hwang You-mee (glamazon@heraldcorp.com)