[Featured Stock] Sinseong Tongsang Rises on Upgrade to Positive Outlook
[Asia Economy Reporter Yoo Hyun-seok] Sinseong Tongsang is on the rise. It appears that the news of the credit rating outlook being upgraded from 'stable' to 'positive' has had an impact.
As of 9:52 AM on the 30th, Sinseong Tongsang was trading at 3,655 KRW, up 5.03% (175 KRW) compared to the previous trading day.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Over 7,000 Residents Evacuate Urgently" Magnitude 5.2 Earthquake Leaves 2 Dead, 6 Injured... What Happened in China?
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
Korea Ratings upgraded Sinseong Tongsang's credit rating outlook from ‘stable’ to ‘positive’. The credit rating was maintained at ‘BBB-’. Despite the COVID-19 situation, it is expected that external growth and profitability improvement will continue. While the external scale grows, it is forecasted that borrowing burden will be eased due to reduced investment expenditures in distribution networks.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
