[Featured Stock] Orion with 'Stable Earnings' Rises Over 3%
Orion's stock price is on the rise, with stable performance expected this year.
As of 9:16 a.m. on the 18th, Orion was trading at 103,000 won, up 3,200 won (3.21%) from the previous trading day.
On the same day, Lee Kyung-shin, a researcher at iM Securities, stated, "Orion's combined sales and operating profit growth rates for the four major subsidiaries in November this year increased by 12.6% and 15.4%, respectively, compared to the same period last year." He evaluated that "despite the continued sluggishness in domestic and overseas consumption, the expansion trend across all regions is encouraging." He also maintained a buy rating and a target price of 160,000 won.
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He added, "Considering the growth in scale and profit improvement exceeding market expectations, this is a phase where we can expect a recovery in the stock price level and valuation (stock price relative to corporate value) adjustments that have continued until recently." He further noted, "If the operating performance improvement trend, including the peak season effect, is demonstrated, upward revisions of estimates and target price adjustments will also be possible."
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