[Featured Stock] Classys Rises 6% on Expectations of Continued Earnings Improvement

Classys' stock price is on the rise. Following the achievement of the highest quarterly performance in Q2, expectations that the performance improvement will continue appear to be influencing the stock price.

At 9:46 AM on the 9th, Classys was trading at 52,400 KRW, up 6.29% from the previous day.

Jongseon Park, a researcher at Eugene Investment & Securities, said, "They achieved the highest quarterly performance in Q2, and the estimated Q3 performance is expected to be 61.3 billion KRW in sales and 31.6 billion KRW in operating profit. They will break the record for the highest performance." He added, "Exports of the Shurink Universe and Voluumer products will continue to increase," explaining, "In particular, the Voluumer product has received positive responses in the US, China, Japan, and Thailand, which is favorable for future export expansion." Furthermore, regarding valuation, he added, "It is trading at a premium due to overwhelming profitability and high return on equity (ROE) compared to domestic peers in the same industry."