Chemicals, steelmakers and shippers will likely report a turnaround in their first-quarter results and securities and chip equipment names deliver doubled profit as nearly eight of 10 listed Korean Inc. are believed to have done better than a year ago.
According to data compiled by Seoul-based financial data tracker FnGuide on Sunday, 11 of 134 listed companies with earning guidance from more than three brokerage houses are projected to have reversed to a profit in the first quarter.
Key names are LG Display, Lotte Chemical, Hyundai Steel, SK Innovation, Korean Air Lines, and Korea Investment Holding.
Companies projected to have doubled income from a year ago include securities companies, Netmarble and LG Chem.
Overall, 83 percent or 111 companies showed better report for the first quarter from a year ago when Covid-19 first broke out.
By Kang Bong-jin and Lee Soo-min
[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]