Daeduck Electronics Rises for 6 Consecutive Trading Days on Strong Earnings Expectations... Hits 52-Week High

[Asia Economy Reporter Park Jihwan] Daeduck Electronics' stock price has been on the rise for six consecutive trading days. Expectations of strong earnings have also pushed it to a new 52-week high.

According to the Korea Exchange on the 9th, as of 10:35 AM, Daeduck Electronics is trading at 17,600 KRW, up 6.99% (1,150 KRW) from the previous trading day. Early in the session, it rose nearly 10%, setting a new 52-week high. Daeduck Electronics has maintained an upward trend for six consecutive trading days this month.

Above all, expectations of strong earnings are behind the stock price strength. Daeduck Electronics is expected to deliver differentiated performance in the second quarter. According to Daishin Securities, Daeduck Electronics is estimated to record an operating profit of 11.1 billion KRW in the second quarter, a 98.9% increase compared to the previous year. Amid the semiconductor market recovery, an increase in semiconductor PCB shipments centered on memory and a mix effect are anticipated. Operating profit for the third quarter is also estimated at 14.1 billion KRW, an 83% increase compared to the previous year.

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