[Market Focus] Korea Zinc Rises Over 3% on Strong Q1 Earnings Expectations

Shares of Korea Zinc are on the rise amid expectations of an earnings surprise in the first quarter.

As of 10:24 a.m. on April 13, shares of Korea Zinc were trading at 1.63 million won, up 49,000 won (3.10%) from the previous trading day.

On this day, Jang Jaehyuk, a researcher at Meritz Securities, projected that Korea Zinc's consolidated operating profit for the first quarter would reach 625.4 billion won, up 130.7% year-on-year and 45.9% quarter-on-quarter. This figure exceeds the market consensus of 500.5 billion won by 24.9%.

Researcher Jang explained, "The surge in gold and silver prices, the strengthening of the won against the dollar, and robust sulfuric acid prices have driven the standalone results. In addition, the subsidiary SMC is also believed to have benefited from improved profitability due to the strong precious metals market."

Jang added, "A favorable stock trend is likely to continue for the time being due to expectations of strong results. However, starting from the period when second quarter earnings forecasts are released, market attention is likely to shift toward the sustainability of earnings. Therefore, it is important to carefully monitor the movements in precious metals prices and the degree of earnings peak-out."

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