[Market Focus] Samyang Foods Up 5% on Undervaluation Compared to Export Records

Samyang Foods shares are on the rise, with the market viewing the stock as undervalued compared to its strong export performance.

As of 9:17 a.m. on April 13, Samyang Foods was trading at 1,297,000 won, up 59,000 won (4.77%) from the previous trading day.

Kwon Woojung, a research analyst at Kyobo Securities, commented on Samyang Foods, saying, "The current stock price is undervalued compared to the company's recent solid export data, due to concentrated trading flows in select semiconductor stocks and uncertainties related to war." He also assessed Samyang Foods' overseas sales as robust. He projected the company's U.S. sales in the first quarter of this year to rise 5% from the previous quarter, and estimated that sales in Europe would exceed 60 billion won. He also noted that any issues related to packaging materials caused by rising oil prices would have only a limited impact through the first half of the year, thanks to already secured inventory.

Instant noodle exports themselves are also showing strong momentum. Kwon said, "In the first quarter, domestic instant noodle exports increased by 26% year-on-year, and March marked an all-time high."

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