[Featured Stock] Doosan Solus Hits New High on Earnings Growth Expectations

[Asia Economy Reporter Koo Eun-mo] Doosan Solus continues its upward trend, hitting new highs day after day. This is interpreted as being influenced by expectations for future earnings growth.

As of 10:06 AM on the 26th, Doosan Solus was trading at 40,500 KRW, up 6.02% (2,300 KRW) from the previous trading day. This marks seven consecutive trading days of gains. Notably, the stock price reached 41,600 KRW intraday, setting a new 52-week high.

Kim Ji-san, a researcher at Kiwoom Securities, explained, “Both major business units of Doosan Solus, the copper foil and organic light-emitting diode (OLED) materials divisions, continue to grow. The expansion of high-end copper foil products and increased adoption rates of OLED in mid- to low-priced models are improving profitability.” He also forecasted, “With the completion of the battery foil plant in Hungary, mass production of battery foil is expected to begin in the second half of the year, and recent growth in the bio business sector is also noteworthy.”

It is estimated that consolidated sales for this year will increase by 23% year-on-year to 323.1 billion KRW, and operating profit will grow by 8% to 41.2 billion KRW.