Bloomberg News

South Korean Stocks: Cheil Industries, Hyundai Hysco, Woori

April 10, 2012

Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of the close in Seoul.

The Kospi Index (KOSPI) fell 0.1 percent to 1,994.41, the lowest level since March 7.

Cheil Industries Inc. (001300 KS) advanced 2.5 percent to 92,800 won. The company may post first-quarter operating profit of 83.9 billion won ($74 million), higher than previously estimated, Daewoo Securities Co. said.

Hyundai Hysco Co. (010520) (010520 KS), a steel-products maker, retreated dropped 5 percent to 40,800 won, the steepest loss since Nov. 10. The company’s rating was cut to hold from buy at Deutsche Bank AG, which cited recent gains in its share-price.

Woori Finance Holdings Co. (053000) (053000 KS) climbed 2.1 percent to 12,450 won. The South Korean financial company may post first-quarter net income of 652 billion won, topping consensus estimates, Daishin Securities Co. said in a report today. The stock, which slipped 10 percent in the last four trading days, is oversold, the brokerage said.

To contact the reporter on this story: Saeromi Shin in Seoul at

To contact the editor responsible for this story: Darren Boey at

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