[Featured Stock] Tobis Rises on Continued External Growth Outlook... New High
Tobis is showing strength amid expectations of continued high external growth. It hit a 52-week high during the trading session.
As of 9:26 AM on the 19th, Tobis is trading at 23,150 KRW, up 900 KRW (4.04%) from the previous day. During the session, it rose to 24,150 KRW, setting a new 52-week high.
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Positive outlooks from securities firms are interpreted as driving the stock price increase. On this day, SK Securities reported that Tobis is experiencing simultaneous external growth and profitability improvement, issuing a 'Buy' rating and a target price of 32,000 KRW. SK Securities analyst Kwon Min-gyu stated, "We forecast Tobis's annual sales this year to increase by 41% year-on-year to 632.8 billion KRW, and operating profit to rise 108% to 53.3 billion KRW," adding, "With the early achievement of the break-even point (BEP) in the electric components business, the annual earnings per share (EPS) estimates continue to rise. This is a phase where both multiples and EPS increase simultaneously due to high external growth." He further commented, "Considering the potential for additional margin improvement, industry environment enhancement, and sustained high external growth, we judge this to be an attractive buying opportunity."
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