[Edaily Reporter Kwon Oh Seok ] #NRB, inc shares are showing strength in early trading. It appears that buying interest is surging on the back of positive outlooks from the securities industry.

According to MP Doctor on the 23rd, as of 9:12 a.m., NRB, inc. shares are trading at 9,820 won, up 6.74% from the previous trading day.
Earlier today, NH INVESTMENT & SECURITIES released a report on NRB, inc., stating, “Benefits from government policies and the company’s existing order backlog for public housing projects will drive substantial growth.” However, the firm did not disclose an investment rating or target price.
Lee Eun-sang, an analyst at NH INVESTMENT & SECURITIES, said, “We expect to see a visible turnaround in NRB, inc.’s earnings as the company focuses on its modular housing business,” adding, “This is because fixed-cost burdens are easing following a reduction in depreciation expenses for existing rental assets and the completion of investments in manufacturing facilities.” In the first quarter, operating profit margins by segment were 32% for the rental division (up 7 percentage points year-over-year) and 14% for the manufacturing division (returning to profitability).
He explained, “In the rental segment, the depreciation burden is gradually decreasing as the useful lives of initial assets expire sequentially,” adding, “Starting in 2028, when the six-year accounting useful life ends, rental revenue from steel-frame modular units is expected to be fully reflected in operating profit.”
The analyst emphasized, “Orders for modular housing, centered on public housing—which is NRB, inc.’s core growth driver—are gaining momentum. Under the government’s policy to expand public housing supply, benefits are becoming visible as a result of the enactment of special laws establishing standard criteria for modular custom design and construction, as well as the creation of production and construction certification systems.”