[Featured Stock] F&F Anticipates Record High Q3 Performance... New All-Time High

[Asia Economy Reporter Song Hwajeong] F&F surpassed its intraday record high amid expectations of its best-ever performance in the third quarter this year.

As of 9:45 a.m. on the 13th, F&F was traded at 833,000 KRW, up 8,000 KRW (0.97%) from the previous day. During the session, it rose to 845,000 KRW, setting a new all-time high. This marks the fourth consecutive day of gains. Since the beginning of this month, F&F has shown an upward trend every day except for one.

The expectation of third-quarter earnings appears to be the driving force behind the stock price increase. According to Meritz Securities, F&F is expected to record 303.2 billion KRW in sales, an 89.9% increase compared to the same period last year, and 76.4 billion KRW in operating profit, a 505.6% increase, achieving the highest quarterly profit despite the seasonal downturn in the third quarter. Hanuri, a researcher at Meritz Securities, said, "As the appropriate stock price continues to rise based on earnings growth, the stock price level-up due to the consolidation of TaylorMade is also imminent," adding, "We maintain our top pick opinion within the industry and recommend an active buying approach."

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