On the 21st, Youngone's share price is rising for 10 straight trading days on strong third-quarter results. It also set a new intraday 52-week high.
As of 10:25 a.m. that day, Youngone was trading at 88,100 won on the Korea Exchange, up 3,000 won (3.53%) from the previous session. The stock, which closed at 58,600 won on the 7th, has risen for 10 consecutive trading days and at one point hit an intraday 52-week high of 91,200 won.
This is attributed to strong third-quarter results this year. On a consolidation basis, Youngone's third-quarter revenue was 1.2047 trillion won and operating profit was 181.2 billion won. Those figures were up 13% and 73%, respectively, from a year earlier.
Park Hyeon-jin, an analyst at Shinhan Investment & Securities, said, "Thanks to clients such as The North Face and Patagonia that continue to grow regardless of the consumer cycle, earnings growth is continuing," and noted, "While other large original equipment manufacturer (OEM) companies are generally seeing production decline, Youngone's order flow is stable."
A recovery in earnings at subsidiary SCOTT is also seen as lifting the share price. Park added, "SCOTT, which posted an operating loss of 68 billion won in the third quarter of 2024, is narrowing its losses to 100 billion won in the fourth quarter, 28 billion won in the first quarter this year, 26 billion won in the second quarter, and 20 billion won in the third quarter."