[Featured Stock] Coway Hits 52-Week High... Soars with Record Q2 Sales

Successful V-shaped rebound, new high rally reignited
Q2 sales surpass 1 trillion won, record-breaking performance
Ice water purifier sales surge amid unprecedented heatwave

Coway has reached a 52-week high. This appears to be influenced by its performance, which recorded the highest-ever sales in the second quarter.

As of 1:56 PM on the 28th, Coway's stock price is trading at 69,100 KRW, up 3,300 KRW (5.02%). This surpasses the previous 52-week high of 67,500 KRW. Although Coway's stock price fell to 53,600 KRW during the recent 'Black Monday,' it successfully rebounded in a V-shaped recovery, ultimately igniting a new record rally.

Coway, the number one company in the water purifier industry, recorded its highest quarterly sales ever in the second quarter. Compared to the same period in 2023, sales increased by 7.6% to 1.0822 trillion KRW. More than 90% of this came from its core rental business. Domestic and international product subscription accounts surpassed 10 million. In particular, this year's 'record-breaking heatwave' seems to have contributed to the strong performance. Sales of ice water purifiers from April to July increased by 40% compared to the previous year. The flagship product is the 'Icon Ice Water Purifier.' Operating profit also rose by 8.8% from the second quarter of last year to 211.2 billion KRW.