[Click eStock] "CNC International, New Products Could Drive Explosive Growth... Stock Undervalued"

On May 12, Daishin Securities analyzed that CNC International is expected to show a recovery in performance starting from the second quarter of this year, forecasting a "low in the first half, high in the second half" trend.

Jung Hansol, a researcher at Daishin Securities, stated in a report released on this day, "Although negative growth compared to the same period last year in the first quarter was inevitable due to a high base effect, it is positive that sales increased by 17% quarter-on-quarter, indicating a recovery trend. The Shanghai subsidiary, in particular, showed a sharp improvement in performance due to increased orders from major clients."

Jung further explained, "Currently, multiple new projects are underway simultaneously, and with initial orders starting to be reflected in earnest from the second quarter, as well as a recovery in new orders, the company is expected to show a 'low in the first half, high in the second half' performance. The current stock price has declined significantly since the second half of last year, so valuation pressure is not high."

He added, "CNC International has previously achieved high growth rates and profitability through differentiated new products such as the 'Lip Fondue' formula. If the new products succeed this time, high growth can be expected."