[Special Stock] HMM Soars Over 10% on Record-Breaking Earnings

[Asia Economy Reporter Ji Yeon-jin] HMM is showing a sharp rise on the 17th, fueled by last year's record-high performance.

As of 10:28 AM on the same day, HMM is trading at 28,000 KRW, up 10.89% (2,750 KRW) compared to the previous day.

This is interpreted as a buying spree following the announcement of last year's annual results, which recorded the highest figures ever.

HMM's operating profit last year was 7.3775 trillion KRW, a 652% increase compared to the previous year. During the same period, sales reached 13.7941 trillion KRW, up 115%. Both sales and operating profit are all-time highs. Last year's fourth-quarter operating profit also rose 19% to 2.6985 trillion KRW, exceeding consensus estimates by 7%.

Choi Go-woon, a researcher at Korea Investment & Securities, said, “Since the logistics crisis is still not over, earnings are expected to continue increasing in the first quarter,” adding, “Even if freight rates peak in the second quarter and start to adjust in the second half, the decline will not be as steep as feared.”

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