[Featured Stock] Interojo Rises 6% on Earnings Growth Expectations

[Asia Economy Reporter Minji Lee] Interojo, a contact lens manufacturing and sales company, is showing an upward trend during trading hours. This is analyzed to reflect expectations that performance will increase due to securing new overseas clients in the reopening environment.

As of 10:39 AM on the 11th, Interojo is trading at 33,400 KRW, up 6.54% compared to the previous trading day. On the same day, Interojo's stock price soared to 33,750 KRW during trading hours.

According to Hi Investment & Securities, Interojo is expected to record sales of 143.5 billion KRW and operating profit of 38.5 billion KRW this year, an increase of 22.9% and 36.5% respectively compared to the previous year. This is because the turnaround in performance is expected to accelerate due to the launch of new domestic products and expansion of new overseas clients.

Researcher Sangheon Lee of Hi Investment & Securities said, “The company's overseas sales are estimated to grow by more than 37%,” adding, “In Japan, sales growth is expected due to the stable growth of the color lens business through PIA and securing ASIA Network, a major distributor, as a new client.”

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