1. What Happened?
On August 20, 2025, a pre-market after-hours block trade saw 450,000 shares of KOSES, totaling ₩5.1 billion, change hands. The purchase by other corporations and the sale by foreign investors are open to various interpretations.
2. Why Did This Happen?
After-hours block trades often reflect large capital movements or strategic decisions by specific investors rather than fundamental changes in a company. It’s difficult to determine whether this transaction relates to KOSES’s business report amendment (regarding the supply contract with Enovix Corporation for secondary battery equipment) or simply profit-taking. The recent growth of the secondary battery market and KOSES’s contract with Enovix are positive factors, but the poor performance in 2024 remains a concern.
3. What’s Next?
In the short term, purchases by other corporations could positively impact the stock price, but the poor 2024 performance and market uncertainties could exert downward pressure. In the long term, the growth of the secondary battery business, the fulfillment of the Enovix contract, and improvements in profitability will determine the stock’s direction. The rise in the KRW/USD exchange rate could be positive for USD-based sales.
4. What Should Investors Do?
- Avoid being swayed by short-term price fluctuations and focus on KOSES’s fundamentals and growth potential.
- Continuously monitor the progress of the Enovix contract, the achievement of 2025 earnings forecasts, and efforts to improve performance in the semiconductor business segment.
- Be mindful of risk factors such as intensifying competition in the secondary battery market, investment fluctuations by major clients, and fluctuations in exchange rates and the macroeconomic environment.
What does the KOSES after-hours block trade mean?
On August 20, 2025, 450,000 KOSES shares (₩5.1B) were traded in an after-hours block trade. Purchases by corporations and sales by foreign investors suggest various interpretations, from investment strategies to profit-taking. It’s more likely a signal of market participant activity than a reflection of fundamental change.
Is it a good time to invest in KOSES?
Investment decisions are your responsibility. Focus on fundamentals and growth potential, not short-term price swings. Monitor the Enovix contract, 2025 earnings forecasts, and semiconductor performance improvements. Be aware of risks: 2nd battery market competition, client investments, and exchange rate fluctuations.
What is the future outlook for KOSES?
The growth of the 2nd battery business, fulfillment of the Enovix contract, and profitability improvements are key to KOSES’s long-term stock price. Recent poor performance is concerning, but the growing 2nd battery market is positive. Continuous monitoring is essential.
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