[Featured Stock] Coway Rises on Expectations of Increased Corporate Value... Hits New High

Coway recorded an intraday 52-week high as it showed an upward trend with stable performance and expanded shareholder returns.

As of 9:07 a.m. on the 17th, Coway is trading at 83,100 KRW, up 1,300 KRW (1.59%) from the previous close. During the session, it rose to 84,000 KRW, setting a new 52-week high.

The rise in stock price appears to be driven by expectations of increased corporate value due to solid performance and expanded shareholder returns. On the 14th, Coway announced that its consolidated sales for last year increased by 8.7% year-on-year to 4.3101 trillion KRW, and operating profit rose by 8.8% to 795.4 billion KRW. This marked the first time since its founding that annual sales exceeded 4 trillion KRW. Orin Ah, a researcher at LS Securities, analyzed, "Despite sluggish domestic consumption, Coway's subscription-based revenue model is showing stable performance. Along with this, efforts in new product and category expansion, research and development (R&D) investment, and overseas business expansion are yielding positive results."

Sanghoon Cho, a researcher at Shinhan Investment Corp., evaluated, "The business model generates stable cash flow regardless of consumer sentiment, highlighting its relative attractiveness within the industry. Furthermore, with the implementation of an aggressive shareholder return policy, it is at the beginning of a corporate value growth cycle."