[Featured Stock] Silicon2 Receives Positive Reviews from Securities Firms on Strong Q2 Performance

Silicon2 is on the rise in early trading on the 14th as its strong second-quarter performance continues to receive positive reviews from the securities industry.

As of 9:15 a.m. that day, Silicon2 was trading at 44,250 KRW, up 1,800 KRW (4.24%) from the previous session on the KOSDAQ market.

The trading volume was about 720,000 shares, with a trading value of approximately 32.2 billion KRW. The stock price started sharply higher at 44,900 KRW but has since given up some of its gains.

Shinhan Investment Corp. noted that Silicon2 recorded triple-digit growth in the first half of the year, with an increase in inventory purchases, and expects sales growth to continue through the third quarter.

Researcher Park Hyunjin stated, "As exports of Korean indie beauty low-priced brands to the U.S. surged, Silicon2, well known among U.S. distributors, has rapidly gained merit. It has been showing triple-digit performance growth throughout the first half of this year, raising market consensus."

He added, "As of August, performance trends appear similar to the previous quarter's market conditions. Although the recent stock price increase may be a burden, considering the growth rate in performance, it still requires renewed attention as a growth stock."

Silicon2 posted year-over-year sales growth rates of 158% in the first quarter and 132% in the second quarter. Operating profit increased by 297% and 275%, respectively, significantly outpacing sales growth.