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[EQUITIES] ‘Jin Air’s financial structure stable’

PUBLISHED : December 08, 2017 - 10:19

UPDATED : December 08, 2017 - 10:19

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[THE INVESTOR] Low-cost carrier Jin Air has a stable financial structure, said HI Investment and Securities on Dec. 8 on the day of its IPO, suggesting a “buy” recommendation and 37,000 won (US$33.77) target price. 




On the back of strong support from Korean Air, the budget carrier has built a solid brand image from the onset and despite a higher yield has managed to maintain passenger occupancy rate similar to those of rivals, said analyst Ha Jun-yeong.

The fact that it operates medium and large aircrafts is another strength, but the possibility of declining profits from flying in the low season could be a risk, noted the analyst. 

Jin Air will invest cash from the IPO acquire new aircrafts and secure long-term growth momentum, he added.

By Hwang You-mee (glamazon@heraldcorp.com)

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