[Featured Stock] KCC Rises on Forecast of Record High Earnings Next Year... Hits New High

KCC showed strength with a forecast of record-high performance next year, hitting a 52-week high during the session.

As of 9:15 AM on the 15th, KCC was trading at 340,000 KRW, up 26,000 KRW (8.28%) from the previous close. During the session, it rose to 342,500 KRW, setting a new 52-week high.

Positive earnings forecasts from securities firms are interpreted as a factor driving the stock price increase. On the same day, Hana Securities projected that KCC would record its highest-ever performance next year due to an expanded profit margin in silicon. Yoon Jae-sung, a researcher at Hana Securities, stated, "Assuming a 6% operating profit margin for silicon based on high profits from building materials and coatings, changes in raw material contracts, and industry recovery, we estimate the 2025 operating profit to reach a record high of 559.6 billion KRW. Considering the potential for strong 2025 earnings, debt reduction and interest cost savings through the utilization of held assets, and the possibility of strengthening shareholder return policies using treasury stock, the current price-to-book ratio (PBR) of 0.46 times is absolutely undervalued."

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