[Featured Stock] F&F Rises on Strong Earnings Outlook
[Asia Economy Reporter Song Hwajeong] F&F is showing strength amid expectations that its strong performance will continue this year.
As of 10:01 AM on the 13th, F&F was traded at 916,000 KRW, up 29,000 KRW (3.27%) from the previous day. This marks the third consecutive day of gains.
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On this day, KB Securities raised the target price for F&F from 1,100,000 KRW to 1,250,000 KRW, citing continued strong performance driven by China. The investment rating was maintained at 'Buy.' Shin-ae Park, a researcher at KB Securities, stated, "F&F's consolidated sales this year are expected to increase by 32% year-on-year to 1,932.4 billion KRW, and operating profit is projected to grow by 37% to 549.3 billion KRW. Based on strong brand power, effective digital marketing, and an aggressive overseas expansion strategy, the company will continue to maintain excellent performance momentum."
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