[Featured Stock] Lotte Chilsung Rises 3% on Strong Q1 Earnings Expectations
[Asia Economy Reporter Minji Lee] Lotte Chilsung is showing an upward trend amid expectations of strong first-quarter earnings.
As of 9:18 AM on the 29th, Lotte Chilsung is trading at 131,000 KRW, up 3.54% from the previous trading day.
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In the first quarter, Lotte Chilsung is expected to deliver improved results based on cost reductions such as logistics efficiency. Eunju Shim, a researcher at Hana Financial Investment, explained, "Operating profit for the first quarter of this year is expected to reach 24.1 billion KRW, surpassing the market estimate of 18 billion KRW," adding, "The effect of the carbonated beverage price increase will begin to be reflected starting from the second quarter of this year."
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