[Featured Stock] Samyang Foods Rises Over 4% on Securities Market Optimism

Samyang Foods is showing a rise of over 4% during trading, buoyed by expectations from the securities market.

As of 2:07 PM on the 9th, Samyang Foods is trading at 743,000 KRW, up 32,000 KRW (4.50%) from the previous close on the KOSPI market.

The stock opened at 720,000 KRW and continued its upward trajectory, reaching an intraday high of 754,000 KRW.

Korea Investment & Securities raised its target price by 19%, from 770,000 KRW to 920,000 KRW, on the same day.

Researcher Eunji Kang of Korea Investment & Securities said, "Compared to global ramen companies, Samyang Foods is expected to have overwhelmingly high operating profit margins and steep earnings growth. In a situation where the outlook for domestic processed food demand and the dining-out market recovery is uncertain, Samyang Foods, which is showing clear overseas business growth and maintaining high profitability, remains an attractive choice."

Samyang Foods' plan to build its first overseas factory in China is also seen as a positive factor. Researcher Kang stated, "Through the Chinese factory, we plan to actively target the Chinese domestic market. If the Chinese factory begins operations in the first half of 2027, the currently operating Miryang Plant 1 and the Miryang Plant 2, scheduled to start operations by the end of the first half of this year, will be able to focus on producing export volumes for advanced countries such as the United States and Europe."