Poongsan’s Q1 operating profit significantly exceeded market consensus, maintaining its ‘buy’ rating and target price of 90,000 won. Despite a decrease in demand for sports ammunition in the US, the company’s performance was boosted by rising copper prices and increased domestic demand in the defense sector. The company’s guidance for pre-tax profit in Q2 is 100 billion won, showing high confidence in performance despite potential adjustments in copper prices due to Trump’s tariff policy.
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Auto-posted at: 2025-05-07 09:02:57