[Special Stock] KT&G Rises on Strong Core Business and Value-Up Benefit Expectations
KT&G's stock price is on the rise. The improvement in its core business and expectations of value-up benefits appear to be influencing the stock price.
As of 9:52 AM on the 22nd, KT&G is trading at 91,600 KRW, up 1.33% from the previous day.
Sim Eun-joo, a researcher at Hana Securities, stated, "Despite sluggish total demand for cigarettes domestically, the market share continues to rise, and the gradual recovery of duty-free channels along with product mix improvements are also positive." She added, "On the export side, the company has announced plans to achieve double-digit volume growth by expanding its dominance in the Indonesian market and fostering new markets such as Latin America. Additionally, the acceleration of volume recovery toward the Middle East starting from the second quarter is noteworthy."
Hot Picks Today
"Bought Raw Materials at 1,500 Won, Selling at 1,300 Won"—Exchange Rate Plunge Casts a Shadow as Export Giants Face Third-Quarter Alarm
- "An Insult to All Women": Female Athletes Outraged Over Ad with 37 Million Views in Four Days
- Police Give 70,000 Won of Their Own Money to Homeless Man in His 40s Who Stole Two Bags of Potato Rice Cakes Out of Hunger
- "This Is a Must-See"...Tourism Industry in Japan Hits 4-Trillion-Won Jackpot
- "Weight Dropped Rapidly... Anyone Can Get It Easily": Why a Woman in Her 20s Quit Mountzaro After Losing 6kg in a Month
Furthermore, she said, "The proactive shareholder return policy aligns with the government's value-up policy. It is time for the policy benefit expectations to be reflected in the stock price."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.