[Market Focus] Stick Investment Surges 11% on Announcement of Value Enhancement Plan

On January 20, Stick Investment is showing strong performance. This comes as the company publicly announced a large-scale value enhancement (Value-Up) plan in response to demands from the activist fund Align Partners.

As of 10:08 a.m. on this day, Stick Investment is trading at 10,160 won, up 1,030 won (11.28%) from the previous trading day.

It is interpreted that investor interest has intensified after Stick Investment disclosed its value enhancement plan on the deadline requested by Align Partners.

Previously, Align Partners had sent an open letter to the board of Stick Investment, calling for the preparation of measures to enhance shareholder value. At that time, Align Partners stated, "The plan must be shared by January 19 so that shareholders can exercise responsible voting rights before the shareholders' meeting in March this year."

Stick Investment first detailed its plan for treasury shares. The company announced its intention to cancel all treasury shares except those allocated for employee stock-based compensation (RSU). As of the end of last year, Stick Investment held 13.52% (5,633,228 shares) of its own shares.

Additionally, Stick Investment set profitability targets of over 10% return on equity (ROE) and over 35% fund management fee-related earnings (FRE) margin. For mid- to long-term performance indicators, the company aims to achieve an average annual total shareholder return (TSR) of 20%.