On the 31st, Wonik IPS's stock price is on the rise. It started at an opening price of 35,950 KRW and climbed to 36,100 KRW in the early trading session. As of 10:18 AM that day, the upward momentum slowed, with the stock trading at 35,350 KRW, up 0.43% compared to the previous trading day.
The simultaneous net buying by foreigners and institutions the day before is interpreted as an influx of buying demand. In particular, institutions are continuing to net buy about 353 million KRW on this day as well.
Recently, Daol Investment & Securities described Wonik IPS as "the darkest before dawn," issuing a "buy" rating with a target price of 40,000 KRW. This reflects the view that attention should be paid to the fundamental value of the equipment portfolio rather than temporary earnings damage. Kiwoom Securities also maintained a "buy" rating, citing the stock's "still attractive valuation."
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