Hyundai Steel(004020): Strong 3Q06; positive 4Q06 outlook
- 3Q06 comment
- Maintain BUY and TP of KRW42,000
> 3Q06 results beat our expectation.
> Earnings will continue to improve in 4Q06.
> New blast furnaces will provide long-term growth engine.
> Until completion of the furnaces, our focus is on the “B” hot-rolled coil plant in Dangjin. |
|
