🟥<Industry and Stock Analysis>>

2024.04.19 (금) Today’s Reports

🟥<<Morning Meeting Brief>>

https://lrl.kr/sRKg

🟥<Industry and Stock Analysis>>

🔵[Distribution/Clothing Yoo Jung-hyun] [1Q24 Preview] E-Mart: Partial Recovery of Offline Channels

- Discount Stores, Traders Propaganda
- Most of the construction subsidiaries, e-commerce division, E-Mart 24, etc. are sluggish year-on-year
- Extinction of construction issues is a primary requirement for stock price recovery

https://lrl.kr/oFBl

🔵[Distribution/Clothing Yoo Jung-hyun] [1Q24 Preview] Shinsegae: Expected to perform well in all business units

- Despite the sluggish domestic consumer economy and duty-free business conditions, all business units performed well
- Advantage of clear profit safety
- Continued efforts to enhance shareholder value

https://lrl.kr/sRKp

🔵[Holding/Transporting Yang Ji-hwan] [1Q24 Preview] Korean Air: Unstable Macro Stable Performance

- Expected to Slightly Exceed Q1 2024 Earnings Market Consensus
- Strong international passenger demand (US, Japan, Southeast Asia) and increased cargo volume from China to the Americas
- Stock prices are expected to rebound quickly when stabilizing macro variables (exchange rate, oil price)

https://lrl.kr/ghjk

🔵[Jeongyu/Chemical Conservation] [1Q24 Preview] Hanwha Solution: Performance Exceeds Low Point

- 1Q24 Expected OP -128.6 Billion KRW, Below Consensus -20%
- However, the outlook for gradual recovery of profits in the new and renewable energy sector at the bottom of the first quarter
- Annual module sales deficit is inevitable, but the deficit can be offset by the increase in AMPC amount

https://lrl.kr/ktsn