[Featured Stock] Seha Rises on Food-Grade Paperboard Business Highlighted by Surge in Delivery and Takeout Demand
[Asia Economy Reporter Minwoo Lee] Seha's stock price is on the rise. The food-grade white cardboard business has gained attention as packaging and delivery demand surged due to strengthened social distancing measures amid the novel coronavirus disease (COVID-19) pandemic.
On the 2nd, Seha's stock price recorded 1,700 won, up 8.28% from the previous day. With the spread of COVID-19 leading to reinforced social distancing mainly in the metropolitan area, food packaging and delivery demand is expected to increase significantly, along with a rise in parcel orders from the 'home-staying' population.
Seha's main business is manufacturing white cardboard used for packaging cosmetics, snacks, and other products. It ranks third in the industry with a market share of about 16%. Last year, its sales were 177.7 billion won, and operating profit was 14.1 billion won.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
Earlier in May, a consortium of Hankuk Paper and Haesung Industry, composed of 80% and 20% stakes respectively, acquired 71.6% of Seha's shares for 55 billion won.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
