[Featured Stock] Jahwa Electronics Rises 7% Intraday on Strong Earnings Expectations
[Asia Economy Reporter Minji Lee] Jahwa Electronics is showing an intraday rise of over 7% amid expectations of improved earnings.
At 9:37 a.m. on the 12th, Jahwa Electronics was trading at 15,250 KRW, up 7.39% from the previous session on the KOSPI market. The rise in Jahwa Electronics' stock price is analyzed to be influenced by the strong performance of Samsung Electronics' smartphone division (IM).
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Park Kang-ho, a researcher at Daishin Securities, said, "Samsung Electronics' IM division operating profit is expected to increase by about 5% to 12.7 trillion KRW next year compared to this year," adding, "Component suppliers for Samsung Electronics will see sales and profit growth due to average supply price increases and higher operating rates."
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