Posco 1Q earnings surprise second quarter also continued -KB Securities

[Korea goyounghun financial newspaper reporter] KB securities are recorded together 19 days after the first quarter earnings surprise for 2Q12 POSCO, saying to continue the good flow in the construction sector base effect had raised the target price to BUY with 32 million.

Said Lee, Jae - Won KB Securities Research Institute, "the first quarter operating profit of POSCO have exceeded market expectations, with 1.365 trillion won increased by 106.9% than the same period last year," he said "The first quarter operating profit improvement in the construction sector the second quarter will see the base effect" He was diagnosed.

The researchers predicted that "even with increased operating margin and return on equity (ROE) rose cash equivalents" and "can also expect to see upward dividend".



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