[Featured Stock] Kumho Petrochemical Shows Strong Performance with 500 Billion KRW Operating Profit in Q1

[Asia Economy Reporter Lee Seon-ae] On the 22nd, Kumho Petrochemical is showing strong performance. This is due to the effect of steadily improving its business portfolio, leading to expectations of significantly exceeding forecasts across all business divisions.

As of 9:26 AM today, Kumho Petrochemical is trading at 242,000 KRW, up 3.645% compared to the previous trading day. The price rose to as high as 248,500 KRW in early trading.

Kiwoom Securities expects Kumho Petrochemical to record consolidated sales of 1.763 trillion KRW and operating profit of 513.6 billion KRW in the first quarter of this year. Compared to the same period last year, sales are projected to increase by 43.9% and operating profit by 285.8%. These figures significantly exceed market consensus forecasts of 1.4756 trillion KRW in sales and 345.4 billion KRW in operating profit. Notably, the operating profit is close to 70% of last year's annual operating profit. Researcher Lee Dong-wook of Kiwoom Securities explained, "By continuously improving the business portfolio, all business divisions have grown evenly."

Based on this background, Kiwoom Securities maintained a 'Buy' investment rating and a target price of 460,000 KRW for Kumho Petrochemical.

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