Stock analysts expect the share price and financial performance of Haimarrow to continue upward trend this year as its Mom's Touch business is growing at a healthy pace, with its new businesses establishing firmer roots in the markets.
On July 11, the shares of Haimarrow closed at 2,390 won, up 3.91 percent or 90 won from the previous day. So far this year, its share price rose by 24.48 percent, driven mainly by the solid performance of its Mom's Touch business.
In the stagnant fast food market, Mom's Touch is showing an outstanding performance, with the number of its chain shops rising from 288 in 2012 to 1,060 in late May 2017. Haimarrow aims to increase the number of Mom's Touch chain stores up to 1,200 by the end of this year, as well as to overtake the market leader Lotteria within the next three years.
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