[Featured Stock] S&K Politech Continues Limit-Up Following Strong Earnings Announcement

Electronics equipment company S&K Politech entered the upper price limit during trading on the 27th following the announcement of strong earnings.

As of 10:34 a.m. that day, S&K Politech's stock was trading at 3,315 won, up 30% from the previous day's closing price. After starting at 2,945 won, the stock began to surge and reached the maximum price allowed for the day.

The buying frenzy is interpreted as a response to the strong earnings. S&K Politech announced after the market closed the previous day that its operating profit for last year was tentatively estimated at 15.2 billion won, a 435.9% increase compared to 2.8 billion won the previous year. Sales also rose 31.4% to 330.1 billion won. Net profit turned positive, reaching 15.7 billion won. S&K Politech attributed this to improved sales and profitability of its subsidiaries.

S&K Politech is a company that produces and supplies high-density polyurethane foam sheets used as shock-absorbing component materials in smartphones.