The stock price of SoluM, which showed growth in performance in the third quarter of this year, is on the rise.
As of 11:14 AM on the 20th, SoluM was trading at 19,290 won, up 600 won (3.21%) from the previous trading day.
On the same day, Yuanta Securities commented on SoluM, stating, "Third-quarter sales and operating profit increased by 19.9% and 31.1%, respectively. Although the fourth-quarter performance outlook has been revised downward, it is a time to focus on the performance turnaround."
Myungjun Kwon, a researcher at Yuanta Securities, said, "Research agencies forecast that the global market size for Electronic Shelf Labels (ESL) will grow at an annual rate of over 10%. Compared to competitors, SoluM has the advantage of securing customers in various regions such as Europe, North America, and Asia, which limits the impact of the global economic slowdown."
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