[Market Focus] Youngone Corporation Surges Over 11% on Strong Q3 Results

The stock price of Youngone Corporation, which announced better-than-expected results for the third quarter of this year, is showing strong performance. Youngone Corporation is a global apparel brand OEM (original equipment manufacturer) company that handles brands such as The North Face and Lululemon.

As of 9:28 a.m. on the 17th, Youngone Corporation was trading at 77,000 won, up 7,800 won (11.27%) from the previous trading day.

In the third quarter, Youngone Corporation recorded consolidated sales of 1.2047 trillion won and operating profit of 181.2 billion won. These figures represent increases of 12.8% and 73.4%, respectively, compared to the same period last year, significantly exceeding the market consensus.

On this day, DB Financial Investment maintained its buy rating on Youngone Corporation and raised its target price from 70,000 won to 95,000 won. Heajana, a researcher at DB Financial Investment, explained, "OEM dollar sales grew by 11% compared to the same period last year," and added, "Despite the impact of tariffs, operating leverage (the effect where operating profit fluctuates more than sales) was maximized, leading to improved operating margin."

NH Investment & Securities also maintained its buy rating on Youngone Corporation and raised its target price from 76,000 won to 100,000 won. Jung Jiyoon, a researcher at NH Investment & Securities, stated, "The fundamentals are on a different level," and added, "Despite the industry downturn, annual operating profit has been scaled up to around 600 billion won. A revaluation for the first time in 10 years is expected."