[Featured Stock] NHN, upper price limit due to expectations for good 3rd quarter performance and data center

NHN [181710], which announced good performance for the third quarter, hit the upper limit in the early trading on the 10th.

As of 9:16 a.m. on this day, NHN recorded its upper limit in the stock market at 77,400 won, up 29.87% from the previous day.

The stock price began trading at 69,000 won, up 15.77%, and quickly increased the amount of increase.

NHN announced on this day that its operating profit (consolidated) in the third quarter was KRW 58.8 billion, a 112.7% increase from the same period last year, and net profit was KRW 38.9 billion, a 115.8% increase compared to the same period last year.

Operating profit exceeds the market forecast (KRW 53.7 billion) compiled by financial information company Yonhap Infomax by 9.4%.

NHN's stock price has been strong recently amid growing concerns that data center regulations will be strengthened in the U.S. and expectations that domestic data center operators will benefit.

NHN plans to operate an AI data center with a total capacity of 100 megawatts by the end of 2027, including the amount already secured.

In particular, the Gasan Digital Complex in Seoul and the Gajwa-dong data center in Incheon will be operational in the first half of next year, and the construction of two new data centers in Jangseong, Gwangju, Jeollanam-do and one in Pohang, Gyeongbuk will be promoted.