[Featured Stock] No Brand Secures Outdoor Lineup, Up Over 8%

The stock price of Nobrand (nobland), expected to see performance growth due to the acquisition effect of outdoor OEM (Original Equipment Manufacturer), is showing strength. As of 9:08 AM on the 3rd, Nobrand was trading at 18,350 KRW on the KOSDAQ market, up 1,450 KRW (8.58%) from the previous trading day.

On this day, DS Investment & Securities stated about Nobrand, "Following this year, orders from multiple buyers such as GAP, Kohl’s, medical uniforms, and F&F have increased significantly, leading to performance growth. With the acquisition effect of the outdoor specialty company in October being fully reflected in the results, consolidated net profit is expected to exceed 20 billion KRW," and they newly issued a buy rating with a target price of 22,000 KRW.

An Joo-won, a researcher at DS Investment & Securities, said, "Nobrand’s separate performance next year is estimated to have sales of 643.6 billion KRW and operating profit of 27.2 billion KRW, which would be increases of 19.5% and 34.8% respectively compared to this year. The company is adopting a strategy to strengthen its position in relationships with buyers and enhance competitiveness. A major differentiator is its strong focus on its core business."

Established in 1994, Nobrand is a company that designs and manufactures apparel products for global brand companies and was listed in May. Its major clients include global fashion brands such as GAP and Target, as well as department stores. It is a different company from E-Mart’s private brand Nobrand (NoBrand).