[Featured Stock] SeAH Besteel Posts Strong Q2 Earnings... Rises Over 4%
[Asia Economy Reporter Minji Lee] SeAH Besteel is recording a rise of over 4% due to strong second-quarter performance.
At 9:16 a.m. on the 30th, SeAH Besteel was trading at 32,100 KRW, up 4.90% from the previous trading day. This reflects expectations that the company, which posted its highest quarterly profit in the second quarter, will continue to deliver solid results in the second half of the year.
SeAH Besteel's operating profit in the second quarter was 93.9 billion KRW, a 394% increase compared to the same period last year. This exceeded the market forecast of 64.5 billion KRW and significantly surpassed the previous quarterly record of 80.3 billion KRW set in the second quarter of 2015.
Hot Picks Today
!["Even If I Lose My Investment, the Government Will Cover It"... The Fund Attracting Retail Investors' Attention [Weekend Money]](https://cwcontent.asiae.co.kr/asiaresize/93/2026051609052165501_1778889921.jpg)
"Even If I Lose My Investment, the Government Will Cover It"... The Fund Attracting Retail Investors' Attention [Weekend Money]
- AI Said to Eliminate Jobs, but This Role Sees 800% Surge in Hiring [Tech Talk]
- "One Person Bets 13.5 Billion Won to Have Lunch with the Investment Guru"
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- On Teacher's Day, a Student's Gifted Cake Had to Be Cut into 32 Pieces... Why?
Jonghyung Lee, a researcher at Kiwoom Securities, said, "With the weakening competitiveness of Chinese special steel in the second half, an increase in special steel prices in the Asian region is expected. Operating profit is forecasted to be 72.2 billion KRW in the third quarter and 64.2 billion KRW in the fourth quarter. Although this represents a slowdown compared to the second quarter, the performance will remain solid."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
