[Featured Stock] Kumho Tire Declines on Concerns Over Margin Shrinkage Due to Rising Costs
Kumho Tire's stock price is weak. Concerns over margin contraction due to rising costs appear to be affecting the stock price.
![[Featured Stock] Kumho Tire Declines on Concerns Over Margin Shrinkage Due to Rising Costs](http://www.asiae.co.kr/news/img_view.htm?img=2024062810471933117_1719539239.jpg)
As of 9:34 AM on the 22nd, Kumho Tire is trading at 4,115 KRW, down 1.32% from the previous day.
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Seongrae Kim, a researcher at Hanwha Investment & Securities, analyzed, "The driving force behind the recent performance improvement was the volume expansion through the full operation of the Vietnam plant, but considering the future trend of rising costs, gradual margin contraction is inevitable." He added, "Concerns over residual share overhang due to the execution of the creditor group's shareholder stake sale are acting as a downside factor for valuation."
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