Maintain BUY; Raise target price to KRW67,000 We raise our 12m fwd TP for HHIH by 11.7% from KRW60,000 (post-stock split basis) to KRW67,000 (12m fwd BVPS x 0.73x target P/B). Our TP was bumped up to reflect upward revisions to earnings estimates (2021E/2022E NP attributable to controlling interests up 4.1%/4.3%), a change in market …
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Author: Capt. John