[Featured Stock] Samyang Foods Hits 52-Week High on MSCI Inclusion Forecast

As of 10:50 AM on the 16th, Samyang Foods recorded a 3.68% increase to 957,000 KRW on the KOSPI market. During the session, the price surged to 973,000 KRW, setting a new 52-week high.

On the same day, Shinhan Investment Corp. stated, "The market capitalization cutoff for the MSCI Korea Index is estimated at 4.18 trillion KRW," and predicted that "two stocks, Samyang Foods and Hanwha Systems, meet the criteria and will be included in the index." The MSCI regular review period is a random day within 10 trading days from April 16 to 30. The rebalancing will take place on May 30.

Earlier, on the 14th, KB Securities announced regarding Samyang Foods that "reflecting still strong product demand, we are raising our estimated average annual operating profit growth rate for the next five years compared to previous estimates." Accordingly, they raised the target price from 880,000 KRW to 1,050,000 KRW while maintaining a 'Buy' investment rating.

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