[Featured Stock] F&F Rises Consecutively on Growth Expectations in China... Surpasses 160,000 Won

[Asia Economy Reporter Song Hwajeong] F&F has recently risen continuously, setting a new all-time high.

As of 9:13 AM on the 13th, F&F was trading at 160,000 KRW, up 3,000 KRW (1.91%) from the previous day, surpassing 160,000 KRW for the first time. During the session, it reached a high of 161,000 KRW.

F&F has risen for three consecutive days recently. Except for two days this month, it has shown an upward trend.

Meritz Securities raised F&F's target price by 43% to 200,000 KRW on the same day. Hanuri, a Meritz Securities analyst, said, "This year, sales in China are expected to increase 3.4 times, contributing 21% to consolidated sales," adding, "Considering China's growth potential, the spin-off, and low liquidity ratio, we recommend a buy approach before the trading suspension." Hanwha Investment & Securities also raised the target price from 180,000 KRW to 217,000 KRW, reflecting upward revisions in F&F's earnings estimates. Son Hyoju, a Hanwha Investment & Securities analyst, explained, "First-quarter earnings are expected to grow across all sectors," and "Valuation rerating will continue based on the high growth of the local Chinese business."