[Featured Stock] F&F Rises Consecutively on Growth Expectations in China... Surpasses 160,000 Won

[Asia Economy Reporter Song Hwajeong] F&F has recently risen continuously, setting a new all-time high.

As of 9:13 AM on the 13th, F&F was trading at 160,000 KRW, up 3,000 KRW (1.91%) from the previous day, surpassing 160,000 KRW for the first time. During the session, it reached a high of 161,000 KRW.

F&F has risen for three consecutive days recently. Except for two days this month, it has shown an upward trend.

Meritz Securities raised F&F's target price by 43% to 200,000 KRW on the same day. Hanuri, a Meritz Securities analyst, said, "This year, sales in China are expected to increase 3.4 times, contributing 21% to consolidated sales," adding, "Considering China's growth potential, the spin-off, and low liquidity ratio, we recommend a buy approach before the trading suspension." Hanwha Investment & Securities also raised the target price from 180,000 KRW to 217,000 KRW, reflecting upward revisions in F&F's earnings estimates. Son Hyoju, a Hanwha Investment & Securities analyst, explained, "First-quarter earnings are expected to grow across all sectors," and "Valuation rerating will continue based on the high growth of the local Chinese business."

This content was produced with the assistance of AI translation services.