[Market Focus] HS Hyosung Advanced Materials Rises 6.4% on Outlook for Improved Operating Profit
The stock price of HS Hyosung Advanced Materials is on the rise, as its operating profit for the first quarter of this year is expected to improve compared to the previous quarter.
As of 10:19 a.m. on February 3, HS Hyosung Advanced Materials was trading at 246,000 won, up 15,000 won (6.4%) from the previous trading day.
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Shin Hongju, a researcher at Shin Young Securities, stated, "Operating profit for the first quarter of this year is projected to reach 42.5 billion won, an improvement compared to the previous quarter." He explained, "This is because the large one-off expenses from the previous quarter have ended, and the seasonal off-peak period has concluded, leading to a recovery in performance across all business divisions."
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