Classis, Stock Price Up 2.56% at This Hour... 'Entering Multiple Increase Phase Following Export Growth Confirmation'

Classys is trading at 16,000 KRW as of 12:32 PM on the 26th, up 2.56% from the previous day. The trading volume is 553,157 shares, which is 75.79% of the previous day's volume. Classys is known for manufacturing and selling dermatological medical devices.

On May 21, Dongha Kim, a researcher at Hanwha Investment & Securities, stated, "Exports are expected to be sluggish in Q2 due to the overseas spread of Covid-19. Unlike previous estimates, earnings growth compared to the same period last year is possible. The view for the second half remains unchanged. Recovery is expected in Q3 due to normalization of domestic demand and easing of overseas Covid-19, and growth expansion is anticipated from Q4 with the resumption of export growth. Next year, sustained growth in domestic Hifu lifting consumables and increased exports mainly to South America are expected to re-enter a high-growth trend." He set Classys’ target price at 21,000 KRW.

Over the past five days, individual investors have net sold 106,878 shares of Classys, while foreigners and institutions have net bought 83,112 shares and net sold 4,248 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.