News Snapshot:
URL COPY × The author is an analyst of Shinhan Investment Corp. He can be reached at doyeon@shinhan.com. -- Ed. 1Q21 earnings to beat expectations We now expect DB HiTek to report operating profit of KRW60.2bn (+98.1% QoQ) on sales of KRW237.6bn (+4.3%QoQ) for 1Q21, beating our KRW49.9bn estimate by a wide margin. Earnings were likely driven by price hikes, absence of one-off costs, and improved cost efficiency. Earnings improvement should pick up from 2Q21, with prices for certain products raised starting with the wafer input in February. Our earnings forecasts for 2021 currently stand at sales of KRW1.03tr (+9.6%...
