THE INVESTOR

메뉴열기
October 24, 2018

[EQUITIES] ‘Lotte Holdings gains momentum’

PUBLISHED : October 11, 2018 - 11:17

UPDATED : October 11, 2018 - 11:17

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] Lotte Holdings’ governance restructuring will strengthen its net asset value momentum, said NH Investment and Securities on Oct. 11 maintaining a “buy” recommendation and raising the target price to 70,000 won (US$61.30) from 61,000 won.




It has acquired 23.24 percent stake in Lotte Chemical from Hotel Lotte and Lotte Property and Development for 2.23 trillion won. The firm will finance the acquisition by short-term borrowings and sale of its 8.6 percent stake in Lotte Engineering and Construction to Lotte Chemical, said analyst Kim Dong-yang. 

It has also decided to retire 10 percent of its own stocks promoting shareholder value, and additional reshuffle will continue to add momentum. It is likely to sell financial affiliates to satisfy requirements for holding companies while gradually floating private affiliates and merge with Hotel Lotte when it goes public, added the analyst.

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

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Shin Chang Hoon
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0615|Business info
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.