[Featured Stock] Seojin System Expected to Achieve Best Quarterly Performance, Up 8.40%

The stock price of Seojin System, expected to achieve record quarterly performance growth due to the expansion of the Energy Storage System (ESS) business, is showing strong momentum.

As of 9:41 AM on the 2nd, Seojin System was trading at 29,050 KRW, up 2,250 KRW (8.40%) from the previous trading day.

On the same day, SK Securities maintained a buy rating and a target price of 41,000 KRW for Seojin System. Na Seung-doo, a researcher at SK Securities, stated, "The third-quarter sales are expected to reach 350.9 billion KRW, and operating profit 40.5 billion KRW, marking another record high quarterly sales." He added, "Although operating profit may slightly fall short of the first quarter due to some one-time expenses, the ESS business segment likely drove sales growth in the third quarter as it did in the first half."

The global ESS market is projected to grow nearly tenfold by 2030 compared to the current level. Researcher Na explained, "In particular, demand for ESS to stabilize power grids is rapidly increasing due to the expanding share of renewable energy sources," and added, "Secondary battery cell manufacturers are seeking breakthroughs in ESS amid sluggish electric vehicle sales."