[Featured Stock] Wuyang's 'Gourmet Hot Dog' a Huge Hit in the US... Operating Profit Up 9000% This Year

Wuyang is showing strength. The surge in hot dog product sales in the North American region is believed to be influencing the stock price, as securities firms analyze that the company is entering a phase of significant profit growth.

As of 11:44 AM on the 6th, Wuyang is trading at 5,080 KRW, up 18.0% from the previous day.

Kiwoom Securities analyzed that since last month, the sales volume of 'Gourmet Cheese Hot Dog' in the North American region has surged.

Researcher Kim Hak-jun explained, "It is being shipped at a price 15% higher than the domestic supply price," adding, "If it switches to direct export, the export unit price will increase further." He emphasized, "The recent spotlight on K-food in the North American region is due to affordable prices amid the inflation gap and the unique Korean HMR style different from existing American foods."

He analyzed, "Even domestically, the price increase rate is lower compared to the dining industry, so the price merit advantage in the North American region will continue for a considerable period," and added, "All business sectors are growing." He continued, "The hot dog, which was a sore spot, has become a cash cow product," noting, "Although the dedicated Seocheon hot dog factory recorded a loss of 5 billion KRW last year, it turned profitable after April this year."

Researcher Kim said, "Since last month, it is expected to lead to a significant profit expansion," explaining, "It is estimated that Gourmet Cheese Hot Dog has recorded exports worth approximately 1.3 billion KRW to the North American region since June." He also stated, "It supplies to about 380 Costco stores (out of a total of about 700) in the North American region," adding, "We expect the number of applicable stores to expand in the future," and "Export volumes will continue to increase," further mentioning, "Discussions are also underway to expand to other distributors in the North American region."

It is estimated to achieve sales of 186 billion KRW and an operating profit of 8.7 billion KRW this year, representing increases of 13.8% and 9,058% respectively compared to last year.