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[Alpha Biz=(Chicago) Reporter Paul Lee] POSCO Holdings continued to rise despite the 'earning shock' in the fourth quarter of last year.
On the 1st, POSCO Holdings closed at 437,000 won, up 2.58%. This year, it fell 19.92% until the 24th of last month and rebounded from the 25th, rising 9.25% for five trading days.
Although it announced its fourth-quarter earnings last year, which was far below the consensus (average estimate by securities firms) on the 31st of last month, the stock price showed an upward trend. POSCO Holdings' operating profit in the fourth quarter of last year was 304 billion won, which was only 35% of the consensus (estimated by securities firms, 862 billion won).
Stock industry sources analyzed that the worsening business conditions in the steel and secondary battery materials sectors were reflected in stock prices in advance.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
