[Featured Stock] NHN Rises Over 4% on Expectations of Strong Q4 Earnings Last Year

NHN's stock price is on the rise, with expectations of rapid profit normalization following strong performance in the fourth quarter of last year.

As of 9:28 AM on the 8th, NHN was trading at 18,450 KRW, up 740 KRW (4.18%) from the previous trading day.

On the same day, Hyundai Motor Securities raised the target price for NHN by 9% to 25,000 KRW, reflecting "new game releases and the trend of profit normalization." The buy rating was also maintained.

Hyundai Motor Securities analyst Kim Hyun-yong stated, "Strong results are expected for the fourth quarter of last year, with sales of 648.4 billion KRW and operating profit of 25 billion KRW (turning to profit)," adding, "Operating profit is understood to be rapidly normalizing as profitability improves mainly in commerce, technology, and content sectors."

He also noted, "Stabilization of labor costs and control of advertising expenses are also contributing to profit growth," and added, "With the overall rebound trend in the internet sector and momentum from new game releases, this is expected to lead to a significant stock price rebound from the bottom."