Mechanics Bancorp-A

Samsung Electro-Mechanics closed 4% higher at KRW1.486m after an 8.3% intraday jump faded. KB Securities forecasts record Q3 operating profit of KRW660.1bn, but its KRW3m target implies 102% upside and hinges on a 17.2% margin.

Kenvue shares dropped 2.1% on Monday, with nearly 88% of the decline linked to Kimberly-Clark's falling stock price in the merger exchange ratio. Acetaminophen search interest rose but no FDA action.