"Hecto Financial Expected to Achieve Over 50 Billion Won in Revenue for Three Consecutive Quarters"

Eugene Investment & Securities stated on August 10 that Hecto Financial is expected to meet market consensus by achieving sales in the 50 billion won range for three consecutive quarters. The company also mentioned that, with growing expectations of benefiting from the full-scale commercialization of domestic and international stablecoin markets, Hecto Financial's stock price is likely to see further gains going forward.

Park Jongseon, a researcher at Eugene Investment & Securities, commented, "Revenue from the simple cash payment service increased by 29.8% year-over-year, driving overall growth." He further analyzed, "The increase in high-profit services based on proprietary membership, such as inflow of new cross-border customers and in-account payments, not only boosted revenue growth, but also contributed to profitability improvement."

Researcher Park positively evaluated the fact that Hecto Financial became the first in Korea to join the global stablecoin payment network earlier this year, and is currently building infrastructure to fully launch its business as relevant laws and regulations are established. Park also explained that by recently participating in the 'x402' project, the global standard for AI agent payments, the company is developing next-generation payment infrastructure that integrates existing payment and settlement platforms with the global stablecoin payment network and payment standards, enabling it to respond to the expanding commerce market.

Park added, "According to our estimates, Hecto Financial's consolidated third-quarter results are projected to record revenue of 52.6 billion won and operating profit of 5.5 billion won, marking year-over-year increases of 15.0% and 21.7%, respectively."

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