[Special Stock] Pulmuone Rises on Visible Turnaround in US Market

Pulmuone continues its five-day winning streak as expectations rise for a turnaround at its U.S. subsidiary.

As of 9:40 a.m. on the 21st, Pulmuone is trading at 15,900 KRW, up 400 KRW (2.58%) from the previous day. The stock price has risen from the 12,000 KRW range to the 15,000 KRW range over the past five consecutive days of gains.

On this day, Hyundai Motor Securities analyzed in a report that Pulmuone recorded strong performance in the fourth quarter of last year, driven by the visible turnaround of its U.S. subsidiary. Ha Hee-ji, a researcher at Hyundai Motor Securities, stated, "The turnaround of the U.S. subsidiary became visible in the fourth quarter of last year, and along with overseas subsidiary sales growth, an expansion in profit contribution is expected. If the U.S. subsidiary maintains solid growth and profitability, and improvements in the financial structure become apparent, additional momentum could be realized."