Techwing And 2 Other KRX Growth Stocks With High Insider Bets

The South Korean market has shown resilience with a steady performance in the past week and a notable 5.0% increase over the past year, coupled with an optimistic forecast of 30% annual earnings growth. In such an environment, stocks like Techwing that have high insider ownership can be particularly compelling, as this often signals strong confidence from those who know the company best.

Top 10 Growth Companies With High Insider Ownership In South Korea

Name	Insider Ownership	Earnings Growth
Seojin SystemLtd (KOSDAQ:A178320)	26.2%	48.1%
ALTEOGEN (KOSDAQ:A196170)	26.6%	73.1%
Fine M-TecLTD (KOSDAQ:A441270)	17.3%	36.4%
Global Tax Free (KOSDAQ:A204620)	18.1%	72.4%
Park Systems (KOSDAQ:A140860)	33.1%	34.3%
UTI (KOSDAQ:A179900)	34.1%	122.7%
Vuno (KOSDAQ:A338220)	19.5%	105%
HANA Micron (KOSDAQ:A067310)	20%	96.3%
INTEKPLUS (KOSDAQ:A064290)	16.3%	77.4%
Techwing (KOSDAQ:A089030)	18.7%	77.8%

Click here to see the full list of 87 stocks from our Fast Growing KRX Companies With High Insider Ownership screener.

Here we highlight a subset of our preferred stocks from the screener.

Techwing

Simply Wall St Growth Rating: ★★★★★★

Overview: Techwing, Inc. operates in the semiconductor industry, focusing on the development, manufacture, sale, and service of inspection equipment both domestically in South Korea and internationally, with a market capitalization of approximately ₩2.41 billion.

Operations: The company generates revenue primarily through the development, manufacture, and sale of semiconductor inspection equipment across both domestic and international markets.

Insider Ownership: 18.7%

Techwing, a South Korean company, is poised for significant growth with its revenue expected to increase by 41.3% annually, outpacing the national market's 10.7%. Additionally, its Return on Equity is anticipated to reach a robust 33.1% in three years. Despite these strengths, there are concerns: interest payments are poorly covered by earnings and the stock has shown high volatility recently. No insider trading activity was reported in the past three months, indicating stable but cautious insider confidence.

• Click to explore a detailed breakdown of our findings in Techwing's earnings growth report.

• Our comprehensive valuation report raises the possibility that Techwing is priced higher than what may be justified by its financials.

KOSDAQ:A089030 Ownership Breakdown as at Jul 2024

Seojin SystemLtd

Simply Wall St Growth Rating: ★★★★★★

Overview: Seojin System Co., Ltd specializes in manufacturing telecom equipment, repeaters, mechanical products, and LED equipment, with a market capitalization of approximately ₩1.88 billion.

Operations: Seojin System generates revenue primarily from EMS and semiconductor segments, with EMS contributing ₩1.22 billion and semiconductors adding ₩0.16 billion.

Insider Ownership: 26.2%

Seojin System Ltd, a South Korean entity, is anticipated to experience notable growth, with earnings forecasted to increase by 48.06% annually and revenue projected at 28.5% per year—both figures surpassing market averages significantly. However, the company's financial health raises concerns; its ability to cover interest payments is weak, and profit margins have declined from last year. Additionally, shareholder value has been diluted over the past year despite high insider ownership. The stock is currently undervalued at 54.4% below its estimated fair value.

• Dive into the specifics of Seojin SystemLtd here with our thorough growth forecast report.

• The valuation report we've compiled suggests that Seojin SystemLtd's current price could be quite moderate.

KOSDAQ:A178320 Ownership Breakdown as at Jul 2024

Enchem

Simply Wall St Growth Rating: ★★★★★☆

Overview: Enchem Co., Ltd. is a South Korean company that specializes in manufacturing and selling electrolytes and additives for secondary batteries and electric double-layer capacitors (EDLC), with a market capitalization of approximately ₩4.81 billion.

Operations: The company generates its revenue primarily from the electronic components and parts segment, totaling approximately ₩357.37 million.

Insider Ownership: 19.8%

Enchem, a South Korean company, is poised for significant growth with expected revenue increases of 56.5% annually, outpacing the market's 10.7%. Profits are also forecasted to surge by 144.8% per year, positioning Enchem to become profitable within three years—ahead of average market predictions. However, challenges include shareholder dilution over the past year and a highly volatile share price recently. Despite these concerns, the high insider ownership could signal strong future prospects.

• Delve into the full analysis future growth report here for a deeper understanding of Enchem.

• Our valuation report here indicates Enchem may be overvalued.

KOSDAQ:A348370 Earnings and Revenue Growth as at Jul 2024

Next Steps

• Explore the 87 names from our Fast Growing KRX Companies With High Insider Ownership screener here.

• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.

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Seeking Other Investments?

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• 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.

Companies discussed in this article include KOSDAQ:A089030 KOSDAQ:A178320 and KOSDAQ:A348370.

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