[Featured Stock] Taekwang Rises 8.98% on Expectations of Increased US Sales

Taekwang's stock price surged as sales expansion is expected following the resumption of new permits for U.S. LNG (liquefied natural gas) terminals.

As of 9:47 a.m. on the 21st, Taekwang was trading at 23,050 won, up 1,900 won (8.98%) from the previous trading day.

On the same day, IBK Investment & Securities gave Taekwang a buy rating and set a target price of 27,000 won. Jo Jeong-hyun, a researcher at IBK Investment & Securities, said, "Operating profit for the fourth quarter of last year is expected to reach 13.7 billion won, an increase of 83.4% compared to the same period last year," adding, "The won-dollar exchange rate rise effect will meet the market expectation of 13.9 billion won."

He also stated, "With the resumption of new permits for U.S. LNG terminals, the valuation (stock price level relative to corporate value) will be re-evaluated," and added, "The U.S. share, which was pointed out as a weakness compared to competitors, is gradually increasing."