[Market Focus] Hugel Continues Growth in the US and China

Hugel is showing strong performance. The company appears to be influencing its stock price by achieving results in the second quarter of this year that meet market expectations.

As of 9:12 a.m. on August 7, Hugel was trading at 365,000 won, up 6.73% from the previous day.

In the second quarter of this year, Hugel posted sales of 110.3 billion won and operating profit of 56.7 billion won. These figures represent increases of 15.5% and 33.6%, respectively, compared to the same period last year.

Jung Heeryeong, a researcher at Kyobo Securities, stated, "This year's annual forecast for the United States is approximately 30 billion won," and added, "Given that shipment volumes are expected to increase each quarter through the second half of the year, there is a high possibility that performance will exceed the forecast." She continued, "We assess that Hugel is successfully establishing itself in the mid- to low-priced market segment."

She further stated, "In the Chinese market as well, growth is progressing at a faster pace than previously estimated," and added, "This year's annual forecast for China is approximately 35 billion won."

She analyzed, "Hugel is performing better than forecasts in both the United States and China," and added, "There is a strong possibility that market expectations will be revised upward after the announcement of third-quarter results this year."

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