Kyungdong Navien set a new all-time high. As expectations for performance grow based on U.S. exports, the stock price seems to be on the rise.
Kyungdong Navien shares traded at 94,800 won on the KOSPI market at 9:17 a.m. on the 6th. The stock price rose by 6.52% (5,800 won) compared to the previous trading day. Early in trading, the stock price jumped to 96,500 won, reaching an all-time high.
Securities firms projected that Kyungdong Navien will record a consolidated revenue of 1.6083 trillion won and an operating profit of 160.1 billion won this year. The revenue and operating profit forecasts were raised by 4.8% and 18.2%, respectively, compared to three months ago.
This is because Kyungdong Navien is achieving results primarily in overseas markets. More than 60% of Kyungdong Navien's revenue comes from the U.S. market. The market share of Kyungdong Navien's condensing water heaters in the U.S. market is about 30-40%.
In particular, the products sold in the North American market have a selling price that is up to three times higher than domestic products, and the profit margin per unit is also high, contributing to Kyungdong Navien's performance. Furthermore, there are evaluations that items such as water heaters and boilers are likely to be excluded from tariff items even after the inauguration of the second term of the Donald Trump administration.