[Featured Stock] Ace Story Surges 10% Intraday on Q2 Earnings Expectations

[Asia Economy Reporter Minji Lee] Ace Story is showing a double-digit increase during trading hours.

At 10:08 AM on the 30th, Ace Story was trading at 19,000 KRW, up 10.47% from the previous trading day. The stock price even touched 19,500 KRW during the session.

The rise in stock price reflects expectations of strong earnings. The dramas "Extraordinary Attorney Woo" and "Big Mouth" recognize revenue based on production progress, so strong earnings are expected in the second quarter as well. For the second half of the year, revenue is expected to be recognized from supplying the mid-form variety show SNL Season 2 and the start of filming for works such as "Flowers Bloom Even in the Sand" and "Day of Abduction."

Hwa-jeong Lee, a researcher at NH Investment & Securities, said, "This is an opportunity to recover from market disappointment caused by 'Jirisan' and to make a leap forward," adding, "Although investor sentiment is unstable due to a net decrease in Netflix subscribers, the global negotiating power of K-content is strengthening."