[Market Focus] NFC Hits Record High, Surges 17% on Stock Dividend News

NFC is showing strong performance in early trading.

As of 9:05 a.m. on August 5, NFC was trading at 12,440 won, up 17.80% (1,880 won) from the previous day. At one point during the session, the price soared to 12,980 won, setting a new 52-week high.

The surge in investor sentiment is interpreted as being driven by news of a stock dividend. NFC announced in a regulatory filing just before the previous day's market close that it had decided on a stock dividend, allocating one new share for each common share held. The record date for the new shares is August 20, and the listing date is scheduled for September 8.

A stock dividend is generally seen as a signal that a company's financial structure is strong, which tends to increase investor interest and liquidity in the short term. An increase in the number of shares can also lead to higher trading volumes and potentially resolve undervaluation factors.

NFC, a company specializing in cosmetic ingredients, is targeting the North American market with its world-first commercialized probiotic-derived PDRN (LACTO PDRN) cosmetic ingredient. Recognized for its outstanding efficacy in skin regeneration and anti-aging, it is drawing attention as a next-generation core ingredient in the bio and beauty industries.

NFC stated that last month it signed NDAs (Non-Disclosure Agreements) with major North American brands for the supply of LACTO-PDRN, and that strategic collaboration to secure overseas markets is progressing rapidly.