[Featured Stock] 'Steady Growth' Orion Up 6.91%

Orion's stock price is on the rise, drawing attention for its solid growth, including a 42% increase in sales in China.

As of 10:32 AM on the 19th, Orion was trading at 120,600 KRW, up 7,800 KRW (6.91%) from the previous trading day.

On the same day, iM Securities maintained a buy rating and a target price of 160,000 KRW for Orion, stating that the company has "undoubtedly entered a growth phase."

Researcher Lee Kyung-shin of iM Securities said, "Orion's combined sales and operating profit of its four major subsidiaries last month were 224.9 billion KRW and 32.7 billion KRW, respectively, representing increases of 16.2% and 35.7% compared to the same period last year," adding, "The post-holiday off-season effect has been minimized, and the growth trend centered on key regional channels remains solid."

Lee also stated, "The effect of recent sequential product price increases is expected to take effect from March, and considering the trend, the impact on volume is judged to be limited." He emphasized, "Last month, sales growth in China increased by 42.2% year-on-year," and highlighted that "considering that Orion China's business strategy focuses more on local channel trends than external factors, there is a strong likelihood that the high growth trend will continue."

He added, "Compared to other competitors, all regions are relatively steady despite the economic downturn, and despite cost increase issues, the high leverage effect means that margin levels remain stable," noting, "Considering the possibility of external growth and profit improvement beyond market expectations, the recent stock price level and valuation (stock price relative to corporate value) adjustments are in a phase where recovery can be expected."