On the morning of the 7th, Samyang Foods' stock price is down about 4%. The won-dollar exchange rate has recorded its lowest value in six months, leading to a decline in buying sentiment for Samyang Foods, which relies on exports for most of its performance.
As of 10:19 a.m. on the 7th, Samyang Foods' stock price has recorded 944,000 won, down 44,000 won (4.45%) from the previous transaction day.
On that day, the won-dollar exchange rate opened at 1,380 won, down 25.3 won from the previous transaction day, marking the lowest figure in six months. Concerns about the performance of Samyang Foods, which has maintained high growth centered on exports, are growing.
Based on last year, the share of exports in Samyang Foods' sales was about 81%. Samyang Foods recorded solid performance due to the strong export results of "fire chicken noodles" and the high exchange rate effect.
Last year's sales and operating profit were 1.73 trillion won and 344.2 billion won, respectively, marking increases of 45% and 133% compared to 2023.