[Featured Stock] Wooshin Systems Rises 4.31% on Expectations of Strong Growth in Seatbelt Business

Shares of Wooshin Systems are on the rise, driven by expectations of strong growth in its seatbelt business.

As of 11:15 a.m. on June 25, Wooshin Systems was trading at 8,220 won, up 340 won (4.31%) from the previous trading day.

On this day, SK Securities maintained its "Buy" investment rating and target price of 13,000 won for Wooshin Systems.

Yoon Hyukjin, a researcher at SK Securities, stated, "Sales from the seatbelt segment, which is estimated to account for 44% of this year's total revenue, are expected to increase significantly as supply to Ford begins." He added, "As margins improve due to increased sales, operating profit from the seatbelt segment is projected to rise from 3.9 billion won last year to 8.3 billion won this year."

He further noted, "According to recent media reports, Wooshin Systems has reportedly secured a seatbelt order worth 1.5 trillion won, including for Ford's F-150 series." He added, "Future growth is also assured through confirmed orders in the seatbelt business, with visibility secured through 2028."