[Special Stock] S&D Hits 52-Week High Amid K-Food Global Expansion

S&D's stock price is on the rise. Expectations that it will benefit from the global expansion of K-Food appear to be influencing the stock price.

As of 10:15 AM on the 17th, S&D is trading at 39,200 KRW, up 27.48% from the previous day. During the session, it rose to 39,950 KRW, marking a 52-week high.

S&D's first-quarter sales increased by 30.7% year-on-year to 23.8 billion KRW, and operating profit for the same period rose 72.2% to 3.5 billion KRW.

Jongseon Park, a researcher at Eugene Investment & Securities, said, "We expect second-quarter results to achieve the highest quarterly sales as well," adding, "Exports are expected to increase significantly due to the expanding global K-Food craze."

Park also noted, "The current price-to-earnings ratio (PER) of the stock is trading at a significant discount compared to the average of major domestic peers," and added, "Additional expectations for individual certification of health functional food ingredients, as well as shareholder value enhancement measures such as treasury stock cancellation, could lead to further price increases."