Is a Soju Company a Semiconductor Beneficiary?…Why Is It Soaring Despite Investment Warnings?
Buying Interest in BohaeBrewery, Which Owns Real Estate in Jangseong County, South Jeolla Province—a Potential Site for a Semiconductor Plant in the Honam Region
Exchange Designates Stocks Subject to Investment Warnings
[Edaily Reporter Kim Kyung-eun ] Liquor manufacturer BohaeBrewery(000890)hit its daily price limit on the 24th amid expectations that a semiconductor factory will be established in the Honam region. Although BohaeBrewery was recently designated as a “stock under investment warning” due to its steep upward trend, it has continued its strong performance for five consecutive trading days through today. (Photo courtesy of BohaeBrewery)
According to MP Doctor, as of 9:10 a.m. today, BohaeBrewery was trading at 3,950 won—up 910 won (29.93%) from the previous trading day—hitting the daily price limit.
BohaeBrewery has been on a five-day winning streak since the 18th, when its stock was trading in the 1,400-won range. Amid growing expectations that the Honam region will attract a semiconductor factory, Jangseong County in South Jeolla Province has been mentioned as one of the candidate sites, leading to a surge in buying interest in BohaeBrewery, which owns real estate in the area.
Following its designation of BohaeBrewery as a “stock requiring caution” the previous day, the exchange designated it as a “stock under investment warning” after the market closed. The exchange cited the fact that the previous day’s closing price had risen by more than 60% compared to the closing price five days prior, that it was the highest closing price among the last 15 trading days, and that the stock’s five-day price increase was more than five times the rise in the stock index (sector index) over the same period.
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