Hanssem's stock price is rising by over 3%. Reports from the securities industry indicate that the company's business environment has begun to emerge from its worst phase.
As of 9:31 AM on the 24th, Hanssem was trading at 62,100 KRW, up 2,200 KRW (3.67%) from the previous trading day.
On the same day, KB Securities upgraded its investment opinion on Hanssem to "Buy" and set a target price of 77,000 KRW. Jang Moon-jun, a researcher at KB Securities, stated, "The worst is behind us, and a favorable environment is beginning to form. We believe Hanssem will regain competitiveness in the single-item remodeling market, achieve structural cost ratio improvements, and realize mid-term profit growth."
Researcher Kim noted, "It is worth observing the company's changes over a longer term," pointing out that the long-depressed housing transaction volume has started to rise and that major raw material prices are stabilizing. He said, "Profit growth driven by structural cost ratio improvements is expected to be a key point. We believe that focusing on high-profit remodeling single items (kitchen, bathroom) will change the sales composition, enabling a meaningful recovery in the cost ratio."
He added, "This recent tactical shift appears timely. Given the improved conditions and the establishment of an appropriate direction, we assess that the possibility of positive change is high."
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