126 South Korean Listed Companies Revise Q2 Earnings Upward; Retail and Securities Stocks in Focus

According to FnGuide, as of July 5, 126 of 219 South Korean listed companies with Q2 earnings forecasts revised profit expectations upward in the past three months. Chemical stocks led the revisions, with Daehan Petrochemical raising Q2 operating profit estimates by 20.1% and LG Chem by 14.2% over one month.

Retail and securities sectors are also gaining traction. Shinsegae increased Q2 operating profit forecasts by 10.9% to 146.3 billion won, while Hyundai Department Store and Lotte Shopping posted 10.2% and 6.1% upward revisions respectively. In securities, Mirae Asset Securities and NH Investment & Securities raised earnings estimates by 7.0% and 2.3% respectively, buoyed by increased trading volumes and rising indices. However, travel stocks such as Hana Tour face downside risks, with Q2 profit estimates declining 10.5%, while LG Display turned from expected 1.1 billion won profit to a projected loss of 82.7 billion won.