[Featured Stock] 'New Business Electronic Cigarette Growth' UIEL Up 5.18%

Among electronic cigarette companies in the first quarter of this year, UIEL is the only one to record double-digit operating profit, and its stock price is rising by over 5%.

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As of 9:26 AM that day, UIEL was trading at 7,110 KRW, up 350 KRW (5.18%) from the previous trading day.

The new business in the electronic cigarette sector is attracting attention. Jaeho Choi, a researcher at Hana Securities, stated, "Starting from the first quarter this year, it will be the first year of steep growth through the expansion of the existing smartphone parts sector and the new business sector of electronic cigarette parts. While leading domestic electronic cigarette companies experienced either negative growth or slight growth in electronic cigarette sales, UIEL's electronic cigarette sales reached 14.3 billion KRW, a 175.0% increase compared to the same period last year."

Researcher Choi added, "This year's sales are expected to increase by 40.0% to 465.1 billion KRW compared to last year, and operating profit is forecasted to rise by 196.3% to 25.7 billion KRW. As a company that shows seasonality by recording strong performance in the third quarter following the launch of customers' foldable models, the third quarter is likely to achieve the highest quarterly performance in the company's history due to the increase in average selling price (ASP) from the adoption of titanium materials."

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