In today’s briefing:
- Resumption of Short Selling in Korea on 31 March and Potential Short Selling Candidates
- Classys (214150 KS): 2024 Sales Beat Guidance; New Record Sales Target for 2025
Resumption of Short Selling in Korea on 31 March and Potential Short Selling Candidates
- The resumption of short selling in Korea will start again on 31 March. There has been a ban on short selling in Korea since November 2023.
- We provide some short selling candidates in Korea. Their sharply increasing share prices in the past five years have resulted in much more burdensome valuations.
- Despite their burdensome valuations and sharply higher share prices, the remains high risk of some of these stocks that could overshoot to the upside.
Classys (214150 KS): 2024 Sales Beat Guidance; New Record Sales Target for 2025
- Classys (214150 KS) reported record-high revenue of KRW243B for 2024, 8% ahead of guidance. Operating profit grew 37% YoY to KRW 123B, and the operating profit margin improved to 50.4%.
- Volnewmer remained the key growth driver. Volnewmer has exceeded 1,200 units in annual global sales mainly due to successful launches in major countries including Brazil, Thailand, and the U.S.
- The company has guided for 2025 sales of KRW350B, up 44% YoY. 2025 operating profit margin is expected to improve from the operating profit margin of 48.1% reported in 4Q24.
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