Foreigners buy robotics stocks, Kyobo Securities profit 959billion won
15In the domestic stock market, foreign investors bought robotics stocks as several companies also 1released quarterly results. Kyobo Securities reported operating profit of 959billion won.
15The domestic stock market saw attention on trading in robotics stocks, individual company results and redevelopment expectations. Amid concerns about semiconductor stocks, foreign investors were found to have bought large amounts of robotics stocks. On the same day, several KOSPI and KOSDAQ companies 1released quarterly results.
Robotics stocks were cited as a theme attracting buying by foreign investors. As semiconductor stocks fluctuated, some funds were confirmed to have shifted to robotics-related stocks. The article headline and summary did not give the amount of buying in individual stocks.
HLB Innovation said that, on the strength of growth in its semiconductor business, its standalone revenue for the 1quarter rose year over year by 24%. Standalone revenue is calculated for the company itself, excluding consolidated subsidiaries. The company said its semiconductor business was behind the increase in results.
Kyobo Securities 1said its quarterly operating profit was 959hundred million won. This was 43percent higher year on year. Operating profit refers to the profit generated from a company’s core business.
EM&I 1said its separate quarterly revenue was 17hundred million won. The company said it had passed the low point in its performance. Riding on the expansion of its domestic and overseas businesses, Rokit Healthcare 1said its quarterly revenue was 118percent higher.
In connection with expectations for the redevelopment of the express bus terminal, Dongyang and Cheil Express were mentioned among stocks that surged. For both companies, redevelopment expectations were cited as a factor affecting their share prices. The article’s headline and summary did not specify a redevelopment timeline or project scale.