DS Investment & Securities raised the target stock price of Samyang Foods from 720,000 won to 850,000 won, an 18% increase. This is due to growing expectations for improved performance from increased exports. The investment opinion remains "buy."
DS Investment & Securities predicted on the 19th in a report on Samyang Foods that consolidated sales for the fourth quarter will increase by 37% year-on-year to 448.5 billion won. Operating profit for the same period is expected to rise by 142% to 87.4 billion won.
Jang Ji-hye, a researcher at DS Investment & Securities, noted, "The combined export value of instant noodles in October and November reached $154.88 million, a 35% increase compared to the same period last year," adding, "Exports to both China and the United States are increasing."
Samyang Foods' push for an expansion of production facilities is also raising expectations for long-term performance growth. The company plans to complete its second plant in Miryang, South Korea, next year and aims to establish an overseas factory in China, targeting operations in the first quarter of 2027.
Jang Yu-yeon stated, "Operating profit margins are expected to decline compared to the previous quarter due to increased expense burdens such as advertising and promotional costs in the fourth quarter," but still maintained the opinion that Samyang Foods is the top preferred stock in the food and beverage sector.