[Special Stock] "Active Buying"... EcoPro BM Rises 4% Intraday on Strong Earnings

[Asia Economy Reporter Minji Lee] Ecopro BM is showing an upward trend during trading hours.

On the 19th at 10:30 AM, it was traded at 108,900 KRW, up 3.91% compared to the previous trading day. During the session, Ecopro BM surged to 109,300 KRW. The rise in stock price is driven by expectations of improved earnings.

In the third quarter, Ecopro BM recorded sales and operating profit of 1.5 trillion KRW and 140.9 billion KRW respectively, significantly surpassing market expectations and raising anticipation for future earnings growth.

According to Daol Investment & Securities, fourth-quarter sales and operating profit are forecasted at 1.7 trillion KRW and 154.9 billion KRW respectively. This outlook is based on the expectation of increased shipments following the start of operations at the CAM 5N factory.

Reflecting plans to expand capacity in Europe and the United States, mid- to long-term earnings estimates have also been revised upward. The capacity expansion plan anticipates 115,000 tons this year and 550,000 tons by 2026.

Jeon Hyeyoung, a researcher at Daol Investment & Securities, said, “We are upgrading our investment opinion to strong buy,” adding, “With the passage of the U.S. Inflation Reduction Act (IRA), there is a high possibility that the scale of expansion in the U.S. will be increased.”

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