[Featured Stock] "Record High Performance" Classys Surges Over 7%

Shares of Classys, which announced record-high performance last year, are strong on the 15th.

As of 11:55 a.m. on this day, Classys is trading at 32,100 KRW, up 2,100 KRW (7.00%) from the previous trading day.

The day before, Classys disclosed that its consolidated operating profit for last year was 89.62238 billion KRW, a 30.1% increase compared to the previous year. Sales rose 27% to 180.1228 billion KRW. Classys explained that "this is 5.9% higher than the annual sales forecast of 170 billion KRW announced earlier last year."

On this day, Kim Choong-hyun, a researcher at Mirae Asset Securities, said, "Classys presented a sales guidance of 225 billion KRW for this year," adding, "Although the fourth-quarter performance last year fell short of market expectations, it is difficult to see it as a structural slowdown in growth."

He continued, "The main reason was that Brazil, the key overseas export market, moved past the initial stage and showed seasonality, and market expectations were also relatively high," adding, "This year, the effect of new products is expected in the main markets of Korea and Brazil. The Asia market, centered on Thailand, will also quickly contribute to performance improvement."