[Featured Stock] Orion Continues Overseas Sales Growth in China, Vietnam, and Russia

On the 20th, Orion is expanding its gains in the stock market. It is expected that the trend of earnings growth will continue as overseas sales increase in China, Vietnam, Russia, and other countries.

As of 10:35 a.m. that day, Orion was trading at 103,700 won, up 6.03% from the previous day's closing price. It started rising early in the session and continued to expand its gains during the morning trading.

The expectation that the earnings improvement trend will continue played a role. Orion reported that the combined sales and operating profit of its four major domestic and overseas subsidiaries in October increased by 10.2% and 9.1%, respectively, compared to the same period last year. Growth was driven not only domestically but also in China, Vietnam, and Russia.

Lee Kyung-shin, an analyst at IM Securities, said, "Despite the economic downturn, earnings are performing steadily compared to other food and beverage companies," and added, "With the Chinese Lunar New Year in the fourth quarter and the announcement of China's economic stimulus measures, we can expect a recovery in stock price and valuation."