The stock price of Samyang Foods is rising more than 10% as of 10 a.m. on the 10th. This is interpreted as being influenced by Samyang Foods being chosen as the top preference stock for the food and beverage sector's recovery in performance next year.
As of 10:42 a.m. on that day, Samyang Foods was trading at 659,000 won, up 61,000 won (10.20%) from the previous trading day. The closing price the day before was 598,000 won.
Ryu Eun-ae, a Research Institute analyst at KB Securities, noted, “The 12-month average stock price increase potential for the food and beverage sector that KB Securities has initiated coverage on is projected at 37.6%, exceeding the 12-month increase potential of 11.2% for the KOSPI,” and she pointed to Samyang Foods as the top preference stock in the food and beverage sector.
Analyst Ryu said, “Samyang Foods is the biggest beneficiary of the increasing demand for K-noodles,” adding, “There will be significant sales growth confirmed through the operation of the Miryang 2 plant in the second half of 2025,” and that “the rising demand for K-noodles will be prolonged by the expansion into mainstream markets in the West and the success of K-content.” KB Securities projected an average annual revenue growth rate of 23.4% for Samyang Foods from 2023 to 2026.
There are analyses that the upcoming release of the second season of Squid Game, which gained popularity worldwide, will positively impact the stock price of Samyang Foods, with the first season featuring a scene where Samyang noodles are eaten like snacks.