[Edaily Reporter Shin Ha-yeon ] HYOSUNG TNC(298020)is trading up more than 4% in early trading on the back of a strong spandex market and prospects for improved earnings.

According to MP Doctor on the 3rd, as of 9:10 a.m., HYOSUNG TNC is trading at 322,000 won, up 4.55% from the previous trading day.

This is believed to be driven by investment sentiment spurred by securities analysts’ forecasts that a robust supply-demand environment will persist through next year, as spandex prices and spreads continue to strengthen.

NH INVESTMENT & SECURITIES maintained its “Buy” rating on HYOSUNG TNC today and raised its target price by 9.3% from 430,000 won to 470,000 won.

Choi Young-gwang, an analyst at NH INVESTMENT & SECURITIES, stated, “We have raised our 2027 operating profit forecast by 12.3% from the previous estimate to reflect stronger-than-expected spandex prices, spreads, and overall market conditions,” adding, “We expect the robust supply-demand balance for spandex to continue into 2027.”

HYOSUNG TNC’s second-quarter operating profit reached 188.8 billion won, an 118.9% increase from the previous quarter, exceeding market expectations. Operating profit in the textiles division rose 124.5% quarter-over-quarter to 165.2 billion won, while operating profit in the trade and other divisions also increased by 87.3% to 23.6 billion won.

Analyst Choi predicted, “With no planned spandex capacity expansions in 2026 and considering the expected increase in demand in 2027, utilization rates will rise, leading to a continued robust supply-demand balance.” He added, “Since inventories at Chonbang fabric manufacturers are at historic lows, the impact of the off-season in the second half of the year is expected to be milder than in previous years.”