Corporate Logo(source: samyangfoods.com)
Samyang Foods(003230) is approaching the 950,000 won mark, eyeing a stock price of 1 million won.
As of 9:10 AM on the 18th, Samyang Foods was trading at 930,500 won, up 0.49% from the previous trading day. Early in the session, the stock rose to 949,000 won, marking a 52-week high.
Analysts are optimistic about the continued upward movement in Samyang Foods' stock price. Son Hyun-jeong, an analyst at Yuanta Securities, in a recent report, stated, "Samyang Foods is actively expanding its flagship brand 'Buldak' into a global IP." Son maintained a "BUY" rating and set a target price of 1.1 million won.
Son further explained, "Buldak has evolved beyond a simple ramen brand to include sauces, snacks, and ready-to-eat meals, growing into a mega brand. Starting in 2025, the company plans to launch two to three new products annually, aiming to increase brand sales volume by more than tenfold compared to current levels. The average selling price(ASP) of Buldak Bokkeum Myeon will maintain a premium strategy, 30% higher than competing products, making it possible to expand profitability in the medium to long term through product diversification."
*[KOSPI]Samyang Foods(003230), known for its iconic ramen brand "Samyang Ramen," manufactures and sells various products including noodles, snacks, and dairy products. Representative products include Buldak Spicy Chicken Ramen, Nagasaki Jjamppong, and Jjanggu. The market capitalization is 6.9756 trillion won(as of March 17, 2025, closing price).
Corporate Logo(source: samyangfoods.com)
Samyang Foods(003230) is approaching the 950,000 won mark, eyeing a stock price of 1 million won.
As of 9:10 AM on the 18th, Samyang Foods was trading at 930,500 won, up 0.49% from the previous trading day. Early in the session, the stock rose to 949,000 won, marking a 52-week high.
Analysts are optimistic about the continued upward movement in Samyang Foods' stock price. Son Hyun-jeong, an analyst at Yuanta Securities, in a recent report, stated, "Samyang Foods is actively expanding its flagship brand 'Buldak' into a global IP." Son maintained a "BUY" rating and set a target price of 1.1 million won.
Son further explained, "Buldak has evolved beyond a simple ramen brand to include sauces, snacks, and ready-to-eat meals, growing into a mega brand. Starting in 2025, the company plans to launch two to three new products annually, aiming to increase brand sales volume by more than tenfold compared to current levels. The average selling price(ASP) of Buldak Bokkeum Myeon will maintain a premium strategy, 30% higher than competing products, making it possible to expand profitability in the medium to long term through product diversification."
*[KOSPI]Samyang Foods(003230), known for its iconic ramen brand "Samyang Ramen," manufactures and sells various products including noodles, snacks, and dairy products. Representative products include Buldak Spicy Chicken Ramen, Nagasaki Jjamppong, and Jjanggu. The market capitalization is 6.9756 trillion won(as of March 17, 2025, closing price).