[EQUITIES] Daishin Securities forecasts 101% rise in Hanwha Techwin’s Q3 profit

[THE INVESTOR] Daishin Securities forecast Hanwha Techwin’s operating profit in the third quarter will jump 101 percent on-year to 48 billion won (US$42.93 million).

“Hanwha Techwin is likely to show exponential growth in the third quarter, with operating profit growing more than 100 percent. As a result, the firm’s per annum sales are expected to increase 33 percent on-year, while operating profit swings to the black,” the brokerage said in a report on Sept. 6.

“A weaker dollar may take a toll in the latter half of the year, but defense-related achievements, such as exports of the K9 howitzer to Poland, are likely to compensate for the losses.”

By Kim Ji-hyun (jemmie@heraldcorp.com)