[Featured Stock] Duzon Bizon Rises on Strong Q3 Earnings News

The Duzon Bizon, which recorded strong performance in the third quarter, is showing a strong trend in the early trading session on the 6th.

According to the Korea Exchange, as of 9:14 a.m. on the same day, Duzon Bizon is trading at 63,900 won, up 11.52% (6,600 won) from the previous trading day.

The third-quarter strong performance announcement is interpreted to have influenced the stock price. Duzon Bizon announced in its earnings disclosure the day before that it recorded consolidated sales of 97 billion won and operating profit of 20.1 billion won. Compared to the same period last year, sales increased by 14.5% and operating profit by 29.4%.

Mirae Asset Securities raised the target price of Duzon Bizon from 80,000 won to 82,000 won on the same day.

Kim Sujin, a researcher at Mirae Asset Securities, explained, "A key factor showing significant growth in Duzon Bizon's third-quarter standalone operating profit margin is cost reduction through generative AI," adding, "GenAI DEWS, a programming development tool launched by the company along with the customer product OneAI, is believed to have impacted labor costs such as outsourcing fees by utilizing such functions in solution development."