[Featured Stock] Hyosung TNC Hits Upper Limit on Earnings Improvement

[Asia Economy Reporter Park Soyeon] Hyosung TNC is showing strong performance in the early trading session, supported by improved earnings.

As of 9:31 AM on the 1st, Hyosung TNC was trading at 389,000 KRW, up 29.88% (89,500 KRW) from the previous trading day, hitting the upper price limit.

Hana Financial Investment raised Hyosung TNC's target price by 77% from the previous level to 800,000 KRW, stating, "Hyosung TNC is expected to achieve a structural profit level-up due to the normalization of profits at its Qidong, China, and India factories."