[Special Stock] Korea Zinc Hits 52-Week High

[Asia Economy Reporter Kwon Jaehee] Korea Zinc recorded a five-day consecutive rise on expectations of strong performance in the second quarter of this year, hitting an intraday record high.

As of 10:01 a.m. on the 6th, Korea Zinc is trading at 621,000 KRW, up 2.64% from the previous trading day.

Korea Zinc has risen for five consecutive trading days since the 31st of last month, reaching an intraday 52-week high of 634,000 KRW early in the session. This is 57.3% higher than the 52-week low of 403,000 KRW recorded on April 5 last year.

The factors behind Korea Zinc's strong stock price include the rise in non-ferrous metal prices, exchange rate increases, and sales growth leading to increased revenue.

Kim Yoonsang, a researcher at Hi Investment & Securities, analyzed, "The operating profit forecast for the first quarter is 269 billion KRW, expected to decrease by 6.1% compared to the previous quarter, but an improvement in second-quarter performance is anticipated due to the strong non-ferrous metal prices."

Hi Investment & Securities raised Korea Zinc's target stock price from 660,000 KRW to 710,000 KRW.

Yuanta Securities also raised Korea Zinc's target stock price from 620,000 KRW to 690,000 KRW.

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