0057 GMT - Posco Holdings could post below-consensus 4Q earnings on narrower profit margins, Daishin Securities analyst Lee Tae-hwan writes in a note. The South Korean steelmaker may have sequentially recovered in sales, which likely topped 8.4 million metric tons of steel in volume for the October-December period. However, its profit margins may have weakened due to lower steel-product prices, Lee says. He estimates Posco's 4Q operating profit at KRW474 billion, well below the market consensus forecast of KRW698 billion. Daishin cuts its target price for the stock by 13% to KRW410,000 and keeps a buy rating. Shares are 1.0% lower at KRW258,500. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
January 09, 2025 19:57 ET (00:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。