[Featured Stock] HPO Soars 12%... "Benefiting from China's One-Child Policy Abolition"

[Asia Economy Reporter Kwon Jae-hee] Health functional food company HPO surged over 12% in early trading on expectations of benefits from the Chinese government's abolition of the one-child policy.

As of 9:58 AM on the 23rd, HPO is trading at 13,550 KRW, up 12.45%.

HPO has attracted attention by creating a new market with growth functional milk powder in China. In 2019, HPO launched 'Hi&GoGo Denmark Organic Milk Powder,' a specialized product for children aged 3 to 14 during their growth period, which was not available in China. This product became the top purchase choice for young Chinese parents, with local subsidiary sales soaring 26% year-on-year in the first half of last year, just two years after its launch.

This is attributed to increased demand for premium milk powder amid a series of safety incidents involving Chinese-made milk powder.

NH Investment & Securities evaluated HPO as "a company that succeeded in a performance turnaround last quarter due to new product launches and renewals, and is expected to continue its growth trend this year."

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