[Featured Stock] F&F Rises on Strong 2Q Earnings and Positive 'Strong Buy' Ratings from Securities Firms

[Asia Economy Reporter Lee Myunghwan] F&F is showing strength in the market on the morning of the 2nd. This appears to be due to the second-quarter earnings announced the previous day exceeding market expectations, followed by securities firms raising their target prices one after another.

As of 9:45 a.m. on the day, F&F is trading at 163,500 KRW, up 2.19% (3,500 KRW) from the previous trading day. On the 1st, F&F also closed at a price that surged 7.02% compared to the previous trading day.

F&F disclosed on the 1st that its consolidated operating profit for the second quarter of this year was preliminarily estimated at 95 billion KRW, an increase of 119.8% compared to the same period last year. This figure exceeds market expectations.

Securities firms also gave favorable reviews one after another. After F&F's preliminary second-quarter earnings announcement, five securities firms raised their target prices. Shinhan Financial Investment, DB Financial Investment, Meritz Securities, and others designated F&F as their top pick within the industry.

Daol Investment & Securities upgraded F&F's investment opinion from 'Buy' to 'Strong Buy' and raised the target price from 200,000 KRW to 250,000 KRW. Researcher Baesong from Daol Investment & Securities analyzed, "F&F has reaffirmed its brand power, and the consumption situation in China is clearly improving," adding, "Among Chinese consumer stocks, it stands out with the most visible earnings in the second half of the year while also possessing valuation appeal."

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