Hansee Apparel, an Original Equipment Manufacturer (OEM) company for clothing, is expanding its gains in the stock market on the 17th. The buying momentum is interpreted as increasing due to expectations that earnings will rebound with the growing demand for low-priced clothing in the United States.
As of 1:13 PM on the same day, Hansee Apparel's stock price was trading at 20,350 KRW, up 6.49% from the previous day. The stock price rose to 19,800 KRW in the morning and continued its upward trend by surpassing the 20,000 KRW mark in the afternoon.
Sojeong Cho, a researcher at Kiwoom Securities, stated in a report, "Hansee Apparel is expected to show the fastest improvement in earnings when clothing demand rebounds in the U.S. Recently, signals of increased inventory investment by low-priced clothing companies in marts have been observed, so we can expect earnings benefits from increased orders in the second half of the year."
He added, "Hansee Apparel has high exposure to exchange rates, so it can benefit from the recent strong dollar trend. If the exchange rate continues to rise, market investment sentiment could expand significantly."
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