[Market Focus] BHI Surges Over 6% on Strong Earnings Growth

BHI's stock price is rising on February 10, following its strong performance in the fourth quarter of last year, which surpassed market expectations and demonstrated the company's growth potential.

As of 9:21 a.m. on February 10, BHI was trading at 21,150 won, up 1,320 won (6.66%) from the previous trading day.

In the fourth quarter of last year, BHI posted sales of 147.2 billion won and operating profit of 9.3 billion won. Compared to the same period a year earlier, this represents an 81.6% increase in sales and a 17.7% decrease in operating profit. Both figures exceeded the market consensus, which had forecast sales of 119 billion won and operating profit of 7.9 billion won.

On this day, IBK Investment & Securities raised its target price for BHI from 23,000 won to 28,000 won. The firm also maintained its "Buy" investment rating.

Kim Taehyun, a researcher at IBK Investment & Securities, stated, "Revenue recognition from orders received last year, including the Saudi project, progressed rapidly. As of the end of last year, the value of new domestic and overseas orders reached 1.48 trillion won, and the order backlog was about 1.5 trillion won, indicating that stable earnings growth is expected to continue for the next two to three years."