[Featured Stock] Classys Soars Over 8% on Strong 3Q Earnings

[Asia Economy Reporter Kwon Jae-hee] Clasis, a medical device company specializing in skin beauty, is showing a strong performance with an 8% increase in the early trading session on the 10th. This surge in stock price appears to be driven by strong third-quarter earnings.

As of 9:56 AM on the 10th, Clasis is trading at 18,400 KRW on the KOSDAQ market, up 8.24% compared to the previous trading day. During the session, Clasis's stock price rose as much as 9.71% to 18,650 KRW before giving up some of the gains.

The stock price strength of Clasis is attributed to the recently announced third-quarter results, which recorded an 'earnings surprise.' Clasis's third-quarter consolidated operating profit increased by 31% year-on-year to 17.5 billion KRW. Revenue for the same period rose 36% to 33.3 billion KRW. Both revenue and operating profit exceeded market consensus by 9% and 20%, respectively.

Won Jae-hee, a researcher at Shinhan Investment Corp., said, "The fourth quarter is a seasonal peak period with high demand for equipment, and with the full-scale export of Shrink Universe to Brazil and the expansion of paid domestic consumable customers, it is expected to achieve the highest quarterly performance."