[Edaily Reporter Hyera Lee ] On the 24th, Hana Securities projected that ORION(271560)would post second-quarter earnings in line with market expectations despite the seasonal off-peak period. Noting that growth in its China operations continues and expectations for increased dividends remain valid, the firm maintained its “top pick” rating within the sector.

In a report released that day, Hana Securities analyst Shim Eun-ju stated, “China is the key to this year’s earnings improvement,” adding, “Sales in China are expected to exceed 1.4 trillion won, setting a new record high, and double-digit top-line growth is possible for the first time in about 10 years.”
Hana Securities estimated ORION’s second-quarter consolidated revenue at 8643억 won and operating profit at 1390억 won. These figures represent year-over-year increases of 11.2% and 14.4%, respectively, and are in line with market expectations. Analyst Shim said, “We expect strong performance to continue despite the seasonal off-peak period.”
By country, China is expected to lead earnings growth. Analyst Shim explained, “The company is maintaining robust growth driven by high-growth channels such as snack shops,” adding, “We plan to continue launching exclusive products for Daesang clients such as Mingming Xianwang and Wanchuan Group.” He added, “It is encouraging to see the company expanding its presence in the high-growth snack and online channels,” and predicted, “As major players in the snack channel are expected to continue expanding their store networks in the second half of the year, this growth trend is likely to continue from this year into next year.”
The company also projected that Vietnam and Russia would maintain stable growth. In Vietnam, the company recorded double-digit sales growth driven by new products and World Cup-themed items; it also anticipated that cost pressures—particularly regarding utilities—would ease as the second half of the year progresses, alongside the resumption of exports to the Middle East. In Russia, despite discount policies by major distributors, the company recorded 9% sales growth in local currency terms; it also analyzed that profitability improved significantly due to falling prices of key raw materials.
In the domestic market, while supply restrictions at some retailers persisted despite growth in convenience stores, fixed-price stores, and e-commerce channels, the impact on accounts receivable was limited, and this issue is expected to be gradually resolved starting in the second half of the year.
Expectations for increased dividends were also highlighted as an investment point. Analyst Shim stated, “This is a time to anticipate strong earnings and increased dividends,” adding, “The short-term earnings momentum within the sector is the most attractive.”