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Photo = Yonhap news |
[Alpha Biz= Paul Lee] On Wednesday, Hanwha Investment & Securities raised its target price for Samyang Foods Co., Ltd. from 1 million KRW to 1.2 million KRW, citing greater upside potential despite the stock reaching an all-time high. The brokerage firm maintained its “Buy” rating.
Hanwha Investment & Securities stated, “Concerns may arise over growth stagnation and a momentum gap between the start of full-scale production at the Miryang Plant 2 in the second half of this year and the completion of the new plant in China in January 2027. However, sales growth driven by new entries into major retail channels, business localization, and increased sales in core overseas markets is expected to support the stock price.”
The firm projected Samyang Foods’ 2025 annual revenue to reach 2.4199 trillion KRW, with an operating profit of 475.1 billion KRW. This represents a 39.9% increase in revenue and a 38% rise in operating profit compared to the previous year. These estimates are up 20% and 12%, respectively, from the firm’s previous forecasts.
Analyst Han emphasized that these factors would continue to drive the company’s growth, alleviating concerns over a potential slowdown.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
