KRX Growth Companies With Strong Insider Ownership In October 2024

As the South Korean stock market experiences a turbulent phase, with the KOSPI index stumbling over recent sessions and global forecasts remaining flat, investors are keenly observing how these fluctuations might impact local equities. In such volatile conditions, growth companies with strong insider ownership can offer a sense of stability and confidence to investors, as they often indicate management's commitment and belief in the company's long-term potential.

Top 10 Growth Companies With High Insider Ownership In South Korea

Name	Insider Ownership	Earnings Growth
People & Technology (KOSDAQ:A137400)	16.4%	35.6%
Seojin SystemLtd (KOSDAQ:A178320)	30.5%	52.1%
Bioneer (KOSDAQ:A064550)	15.8%	97.6%
ALTEOGEN (KOSDAQ:A196170)	26.6%	99.5%
Oscotec (KOSDAQ:A039200)	26.1%	122%
Vuno (KOSDAQ:A338220)	19.5%	110.9%
HANA Micron (KOSDAQ:A067310)	18.3%	100.3%
Park Systems (KOSDAQ:A140860)	33%	35.6%
UTI (KOSDAQ:A179900)	33.1%	134.6%
Techwing (KOSDAQ:A089030)	18.7%	83.6%

Click here to see the full list of 86 stocks from our Fast Growing KRX Companies With High Insider Ownership screener.

Here's a peek at a few of the choices from the screener.

Bioneer (KOSDAQ:A064550)

Simply Wall St Growth Rating: ★★★★★★

Overview: Bioneer Corporation is a biotechnology company operating in South Korea and internationally, with a market cap of approximately ₩698.17 billion.

Operations: Bioneer Corporation generates revenue from its biotechnology operations across South Korea, the Americas, Europe, Asia, Africa, and other international markets.

Insider Ownership: 15.8%

Earnings Growth Forecast: 97.6% p.a.

Bioneer, a South Korean company with significant insider ownership, has experienced volatile share prices recently. Despite reporting a net loss of KRW 3,025.04 million for Q2 2024, its revenue increased to KRW 78.44 billion from the previous year. Analysts forecast substantial annual profit and revenue growth over the next three years, positioning Bioneer as an attractive value opportunity compared to peers and industry standards.

• Click here and access our complete growth analysis report to understand the dynamics of Bioneer.
• Insights from our recent valuation report point to the potential undervaluation of Bioneer shares in the market.

WemadeLtd (KOSDAQ:A112040)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Wemade Co., Ltd. develops and publishes games both in South Korea and internationally, with a market cap of ₩1.15 trillion.

Operations: The company's revenue primarily comes from its gaming business, amounting to ₩684.76 billion.

Insider Ownership: 39.7%

Earnings Growth Forecast: 105.7% p.a.

Wemade Ltd. shows promising growth potential with a forecasted earnings increase of over 100% annually and expected profitability within three years, outperforming market averages. Despite trading significantly below estimated fair value, its revenue growth lags behind the broader Korean market. Recent developments include the launch of WEMIX3.0 blockchain, enhancing its gaming ecosystem's robustness and sustainability. Q2 2024 results revealed sales of KRW 332.7 billion but a net loss of KRW 51.6 billion, marking progress from previous losses.

• Click to explore a detailed breakdown of our findings in WemadeLtd's earnings growth report.
• In light of our recent valuation report, it seems possible that WemadeLtd is trading behind its estimated value.

Seojin SystemLtd (KOSDAQ:A178320)

Simply Wall St Growth Rating: ★★★★★★

Overview: Seojin System Co., Ltd operates in the telecom sector by providing telecom equipment, repeaters, mechanical products, and LED equipment, with a market cap of ₩1.60 billion.

Operations: The company's revenue is primarily derived from its EMS Division, generating ₩1.52 billion, and the Semiconductor segment, contributing ₩169.98 million.

Insider Ownership: 30.5%

Earnings Growth Forecast: 52.1% p.a.

Seojin System Ltd. is trading significantly below its estimated fair value and is poised for substantial growth, with earnings projected to rise over 52% annually, surpassing the Korean market average. The company recently secured KRW 100 billion through private placements of convertible bonds, enhancing its financial flexibility despite concerns about interest coverage. These bonds are set to convert into equity stakes by 2028, potentially impacting insider ownership dynamics positively.

• Dive into the specifics of Seojin SystemLtd here with our thorough growth forecast report.
• According our valuation report, there's an indication that Seojin SystemLtd's share price might be on the cheaper side.

Where To Now?

• Click here to access our complete index of 86 Fast Growing KRX Companies With High Insider Ownership.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Seeking Other Investments?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.

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