[Special Stock] POSCO Holdings, Weakness Over 2% Due to Poor Earnings... New Low

POSCO Holdings is weak due to poor performance in the fourth quarter of last year. It recorded a 52-week low during the session.

As of 9:52 a.m. on the 4th, POSCO Holdings is trading at 241,500 KRW, down 7,000 KRW (2.82%) from the previous day. During the session, it fell to 238,500 KRW, breaking the 52-week low.

POSCO Holdings' fourth-quarter results last year showed sales of 17.805 trillion KRW, a 5% decrease compared to the same period last year, and operating profit of 95 billion KRW, down 69%.

Lee Taehwan, a researcher at Daishin Securities, said, "POSCO Holdings' fourth-quarter performance fell significantly short of consensus (average securities firm forecast). With continued difficult market conditions such as weak front-end demand and competition with imports, and considering the US-originated tariff war, uncertainty at the beginning of the year has further expanded. Due to the high exchange rate, expectations for short-term performance improvement are not high, and a wait-and-see stance will be maintained for the time being." He added, "However, market conditions could turn depending on events such as China's restructuring and the application of anti-dumping (AD) duties on thick plates and hot-rolled steel."