[Featured Stock] Kyochon F&B, Up Over 5% on Strong Q3 Earnings
Kyochon F&B is showing strong performance on the 12th following its impressive third-quarter results and favorable reviews from the securities market.
As of 9:41 AM that day, Kyochon F&B was trading at 9,130 KRW on the KOSPI, up 450 KRW (5.18%).
The trading volume was approximately 470,000 shares, with a trading value of about 4.4 billion KRW.
Kyochon F&B's third-quarter revenue was 127.6 billion KRW, up 14.5% year-on-year, while operating profit was 7.6 billion KRW, down 10.7% compared to the previous year. The fact that the company succeeded in returning to profitability within one quarter drew attention.
Nam Seong-hyun, a researcher at IBK Investment & Securities, said, "Kyochon F&B's third-quarter performance this year successfully achieved a turnaround as expected," adding, "The third-quarter results are quite positive and are considered the strategic outcome of Kyochon F&B."
He also noted, "Kyochon F&B is currently reflecting an increase in fixed costs, including labor costs, aside from one-time conversion expenses," but evaluated, "Nonetheless, it is positive in that the company is building fundamentals strong enough to fully cover these costs."
Hot Picks Today
"Is This Serious? Should I Go Back to Korea?"... New U.S. Internship Guidelines Put International Students on Edge
- "10 Billion Won for Married Employee Couples?" Flood of Questions... An Inside Look at Samsung Electronics' 1.5% Annual Home Loan Up to 500 Million Won
- "Extraordinary Nomination After Only 8 Months as Vice Minister... Who Is Hong Jisun, the First Local Civil Service Exam Pass-Holder Nominated as Land Minister? [Profile]"
- "My Salary Stays the Same, But Food Costs Keep Rising"... Hesitating to Cook Squid Stir-Fry and Grilled Mackerel
- Actress Runs 100km Marathon in Sweltering Heat for Daughter With Rare Disease... TV Show Faces Criticism for "Enforced Emotion" [Sunday Culture]
He continued, "It is expected to achieve its best-ever performance in 2025," adding, "Next year's revenue and operating profit are estimated to rise by 7.2% and 147.7% year-on-year to 500.5 billion KRW and 56.2 billion KRW, respectively."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.