[Featured Stock] Bitsrocell, Up Over 4% on Strong Q1 Earnings Outlook

The stock price of Bitsrocell, a specialized manufacturer of industrial lithium primary batteries expected to post strong performance in the first quarter of this year, is on the rise.

As of 9:22 AM on the 12th, Bitsrocell was trading at 27,100 KRW, up 1,100 KRW (4.23%) compared to the previous trading day.

On the same day, KB Securities analyzed Bitsrocell, stating, "If there are no special adverse factors affecting exports, the favorable export data so far is likely to lead to strong performance in the first quarter of this year," and added, "Given that exports account for 80%, the exchange rate will also have a positive impact on the performance."

Jaeyoon Han, a researcher at KB Securities, said, "We are supplying products to the smart meter, defense, and oil & gas industries," adding, "The company continues to grow steadily based on strong demand from the front-end industries. In the fourth quarter of last year, it recorded sales of 70.2 billion KRW and operating profit of 15 billion KRW, setting new quarterly and annual records."

He further added, "Reflecting the strong performance in the fourth quarter of last year, favorable export data in the first quarter of this year, and the high exchange rate level, the full-year forecast for this year is sales of 244.3 billion KRW and operating profit of 68.6 billion KRW."