[Featured Stock] Shinsegae Construction Rises for 6 Consecutive Trading Days... Earnings Rebound Expected

The stock price of Shinsegae Construction has been on the rise for six consecutive trading days. This is interpreted as growing expectations for a performance rebound amid improved financial structure supported by the group.

On the 23rd, in the stock market, Shinsegae Construction's stock was traded at 14,950 KRW as of 1:45 PM. This is a 4.77% increase compared to last week's closing price. The price started with a slight rise in the early session and expanded its gains during the day, even surpassing 15,600 KRW per share at one point. It experienced some correction in the afternoon.

The rise in Shinsegae Construction's stock price has continued since before the Chuseok holiday. It rose slightly by 0.8% on September 11, then increased by 3.84% and 8.17% on the 12th and 13th, respectively. After the Chuseok holiday, the stock closed higher on the 19th (0.57%) and 20th (1.06%) as well.

The securities industry expects Shinsegae Construction's performance to rebound as its financial structure improves with group support. Although there are remaining unsold units in provincial areas, cash flow is expected to improve due to orders such as the 900 billion KRW Starfield Cheongna project.