ORION's stock price is showing a strong increase of over 3% in early trading on the 16th. This is interpreted as improved buying sentiment due to the securities industry's outlook that ORION will continue its good performance driven by increased overseas sales and factory expansion news.
As of 9:30 a.m. on the 16th, ORION is trading at 120,500 won, up 3,800 won (3.26%) from the previous trading day in the KOSPI market.
On this day, NH Investment & Securities and Korea Investment & Securities reported that ORION is expected to continue its revenue growth, which seems to have improved investor sentiment.
NH Investment & Securities projected that ORION will maintain strong performance through revenue improvements in Russia and China this year. They also raised the stock price target from 130,000 won to 140,000 won.
Kang Eun-ji, a researcher at Korea Investment & Securities, said, "ORION has potential factory expansions not only at its Jincheon plant in Korea but also in Vietnam and Russia," adding that the cost-effective product strategy is driving an increase in shipments in the Korean and Chinese markets and is expected to lead to performance growth through active export market development.
Earlier, ORION announced plans to build a production, logistics, and packaging plant in Jincheon, Chungbuk, along with its preliminary results for March on the 15th. They plan to invest 460 billion won to establish the plant by 2027. Once completed, the country's total production capacity is expected to increase from 1.9 trillion won to 2.3 trillion won, an increase of approximately 21%.