[Featured Stock] Nongshim Rises Over 3% on Earnings Improvement Expectations
[Asia Economy Reporter Lee Seon-ae] Nongshim's stock price is on the rise. This is interpreted as due to expectations of improved earnings.
As of 9:40 AM on the 14th, Nongshim's stock price is trading at 313,500 KRW, up 3.29% compared to the previous trading day. It rose to 314,500 KRW in early trading.
On this day, Hana Financial Investment maintained a buy rating and a target price of 500,000 KRW for Nongshim. Eunju Shim, a researcher at Hana Financial Investment, stated, "Nongshim's ramen market share is expected to continue rising, and accordingly, profit leverage from price increases will begin in earnest," adding, "Domestic profits are expected to naturally adjust export prices by the end of the year following the domestic ramen price increase."
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- "Why This Bonus Grade?" Civil Servant Who Assaulted HR Employee... Court Rules Demotion Is Justified
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Nongshim's fourth-quarter earnings are projected to be 675.9 billion KRW in sales and 30.6 billion KRW in operating profit. These figures represent increases of 6.8% and 17.7%, respectively, compared to the same period last year.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
