Samyang Foods (003230) was trading at 1,225,000 won during the session on the 2nd, moving in a flat range.

▶ Q3 Revenue Forecast at 818.5 Billion Won, Operating Profit at 183.2 Billion Won

Kyobo Securities forecast Samyang Foods' third-quarter consolidated revenue at 818.5 billion won and operating profit at 183.2 billion won. These figures represent increases of 30% and 40%, respectively, year-on-year, and are expected to be in line with market expectations.

▶ Stock Down 21% Amid Sharp Won Rally... Overseas Revenue and Cost Cuts Provide Support

Kyobo Securities analyzed that concerns over revenue and profitability have grown due to the recent sharp decline in the won-dollar exchange rate, causing Samyang Foods' share price to fall 21% from its short-term peak.

However, the brokerage expects overseas revenue expansion to continue in the third quarter. It predicted that selling and administrative expenses, including labor and marketing costs, would decrease from the previous quarter, partially easing the profitability burden from currency changes. Accordingly, it forecast that the third-quarter operating margin would decline only about 0.5 percentage points from the previous quarter.

Kyobo Securities' analysis is that despite exchange rate concerns, increased overseas revenue and reduced costs will support earnings.

[This article was written based on provided stock price information and securities firm analysis, and does not recommend buying or selling any specific stock. Earnings forecasts and target prices are subject to change, and investment decisions and their associated responsibilities rest with the investor. This article was written with the assistance of AI.]