[Featured Stock] Interflex Rises on Expectations of Profit Turnaround After 4 Years

[Asia Economy Reporter Song Hwajeong] Interflex is showing strength as it is expected to return to profitability this year for the first time in four years.

As of 10:18 AM on the 9th, Interflex was trading at 13,150 KRW, up 600 KRW (4.78%) from the previous day.

The expectation of a return to profitability is interpreted as driving the stock price up. On this day, Daishin Securities forecasted that Interflex would record an operating profit of 9.9 billion KRW in the fourth quarter, marking two consecutive quarters of profitability. Kangho Park, a researcher at Daishin Securities, said, "Due to strong fourth-quarter performance, we are revising the full-year operating profit forecast from -5.2 billion KRW to 500 million KRW," adding, "It will turn from a deficit to a profit for the first time in four years." The turnaround trend that began in the third quarter of this year is expected to expand further next year. Daishin Securities projected that Interflex's operating profit will increase to 500 million KRW this year, marking a return to profitability after four years, and then rise to 34.5 billion KRW next year and 40.9 billion KRW in 2023.