“Hecto Innovation Achieves Record Quarterly Revenue... Growth Continues”

Eugene Investment & Securities stated on May 11 that “Hecto Innovation has surpassed 100 billion won in quarterly revenue for the first time and continues its growth momentum,” maintaining its target price at 28,000 won and its “Buy” investment rating.

Park Jongseon, a researcher at Eugene Investment & Securities, reported that “In the first quarter of this year, revenue reached 112.3 billion won and operating profit was 14.6 billion won. Compared to the same period last year, revenue increased by approximately 25%, setting a new quarterly record and surpassing 100 billion won for the first time, while operating profit rose by about 24%.”

The main drivers of revenue growth were cited as the IT information service, fintech, and healthcare sectors. Regarding the fintech business segment, Park explained, “Quarterly revenue reached a record 51.2 billion won, with the highly profitable easy-cash payment service growing due to the influx of new merchants, which contributed not only to revenue growth but also to improved profitability.” On the healthcare business segment, he analyzed, “Revenue hit an all-time high of 24.7 billion won, driven by an expanded new product lineup and diversification of distribution channels.”

Park added, “Thanks to continued earnings improvement, the share price has risen by about 63% over the past year. With upward revisions to this year’s and next year’s earnings forecasts and attractive valuation, the share price is expected to see further gains going forward.”

This content was produced with the assistance of AI translation services.