[Edaily Reporter Kwon Oh Seok ] KCC Corporation(002380) The stock price is surging 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 25th, as of 9:07 a.m., KCC Corporation shares are trading at 529,000 won, up 10.44% from the previous trading day.
Earlier that day, Shinhan Investment Securities released a report forecasting that KCC Corporation’s corporate value would undergo a full-scale revaluation, driven by a combination of restored profitability in its silicone business, stable performance in its coatings business, rising value of investment assets, and strengthened shareholder returns. The firm maintained a “Buy” rating and set a target price of 750,000 won.
Lee Jin-myung, an analyst at Shinhan Investment Securities, said, “The coatings business is expected to contribute stable profits based on a high-value-added portfolio centered on automotive and marine applications,” adding, “While demand for marine coatings is expected to continue growing due to the boom in the shipbuilding industry and the expansion of eco-friendly ships, the impact of the slowdown in the construction sector is expected to be limited.”
He continued, “The rise in the value of investment assets such as SAMSUNG C&T CORPORATION, the cancellation of treasury shares, and the increase in foreign ownership are also positive factors.” He added, “With the value of investment assets (8.6 trillion won) significantly exceeding the market capitalization (4.1 trillion won), coupled with strengthened shareholder return policies, a shift in market valuation criteria is expected.”