[Featured Stock] Samyang Foods Hits 52-Week High on MSCI Inclusion Forecast
![[Featured Stock] Samyang Foods Hits 52-Week High on MSCI Inclusion Forecast](http://www.asiae.co.kr/news/img_view.htm?img=2025041609231721554_1744762997.jpg)
As of 10:50 AM on the 16th, Samyang Foods recorded a 3.68% increase to 957,000 KRW on the KOSPI market. During the session, the price surged to 973,000 KRW, setting a new 52-week high.
On the same day, Shinhan Investment Corp. stated, "The market capitalization cutoff for the MSCI Korea Index is estimated at 4.18 trillion KRW," and predicted that "two stocks, Samyang Foods and Hanwha Systems, meet the criteria and will be included in the index." The MSCI regular review period is a random day within 10 trading days from April 16 to 30. The rebalancing will take place on May 30.
Hot Picks Today
Despite 10% Annual Interest, Russians Pull Out Cash as Fears of Deposit Nationalization Spread
- "Monami Posts a 10 Billion Won Deficit, But Consistently Awards 4.7 Billion Won in Contracts to the Third-Generation Family Company"
- "Can We Trust These Cars?"... China Flooded with New Models Amid 'Rushed Car' Controversy
- U.S. New Unemployment Claims Fall to 206,000, Below Expectations
- "Terrible Quality" Low-Budget Chinese Animation Makes Stunning $28 Million Box Office Turnaround
Earlier, on the 14th, KB Securities announced regarding Samyang Foods that "reflecting still strong product demand, we are raising our estimated average annual operating profit growth rate for the next five years compared to previous estimates." Accordingly, they raised the target price from 880,000 KRW to 1,050,000 KRW while maintaining a 'Buy' investment rating.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
