[Special Stock] Lotte Chilsung Rises After 9 Days on Earnings Improvement Outlook

[Asia Economy Reporter Song Hwajeong] Lotte Chilsung is showing an upward trend after 9 days on expectations of improved performance.

As of 10:06 AM on the 3rd, Lotte Chilsung is trading at 121,000 KRW, up 7,000 KRW (6.14%) from the previous day.

The expectation of improved performance this year is interpreted as leading to the stock price increase. On this day, Daishin Securities forecasted Lotte Chilsung's consolidated sales for this year at 2.36 trillion KRW and operating profit at 147.8 billion KRW. These figures represent increases of 5% and 52%, respectively, compared to the previous year. Han Yujeong, a researcher at Daishin Securities, said, "This exceeds the average operating profit growth rate of 7% for 17 companies covered in the food and beverage sector by Daishin Securities."