汇丰银行-韩国公司研究-korea fitting：another weak 2q17e ahead；remain bearish-20170725-hsbc.pdfVIP

25 July 2017   Korea fitting EQUITIES INDUSTRIALS Another weak 2Q17e ahead; remain bearish Korea Korea fitting names to deliver another weak 2Q17e Yeon Lee* Research Analyst, Industrials Still too early to become comfortable as new orders remain The Hongkong and Shanghai Banking Corporation Limited, Seoul Securities Branch weak; earnings to stay pressured in 2H17e yeonlee@ +822 3706 8778 TP remains unchanged for SK Bend and TK Corp Brian Cho* Head of Research, Korea The Hongkong and Shanghai Banking Corporation 2Q17e preview. We forecast on-going weak earnings for SK Bend (SKB) and TK Limited, Seoul Securities Branch briancho@ Corp (TKC) in 2Q17e. Accumulated 2Q17e sales are estimated to come in at