External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Leading full-service brokerage firm in Vietnam. 

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Equity Bottom-Up

<ul><li>For 3Q25, F&amp;F reported above-consensus results, with revenue of W474.3bn (+5% YoY) and operating profit of W128bn (+18% YoY).</li><li>The company returned to growth in both revenue (for the first time in six quarters) and operating profit (for the first time in eight quarters), driven by strong MLB earnings both domestically and overseas.</li><li>Domestic demand has improved compared with 1H25. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

For 3Q25, F&amp;F reported above-consensus results, with revenue of W474.3bn (+5% YoY) and operating profit of W128bn (+18% YoY).The company returned to growth in both revenue (for the first time in six quarters) and operating profit (for the first time in eight quarters), driven by strong MLB earnings both domestically and overseas.Domestic demand has improved compared with 1H25. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

South Korea

F&F Co.,Ltd operates clothing production businesses. The Company produces coats, shirts, jackets, and other apparels. F&F conducts businesses in South Korea.

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F&F (383220 KS)

F&F (383220 KS/Buy)Turning the Corner

For 3Q25, F&F reported above-consensus results, with revenue of W474.3bn (+5% YoY) and operating profit of W128bn (+18% YoY).

Mirae Asset Securities

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