Amorepacific, Institutional Investors Net Sell 192,011 Shares in Last 5 Days... Stock Price 167,500 KRW (+3.08%)

Amorepacific is trading at 167,500 KRW as of 2:31 PM on the 2nd, up 3.08% from the previous day. The trading volume is 445,790 shares, which is 68.07% of the previous day's volume. Amorepacific is known as a leading company in the domestic cosmetics industry.

On June 29, Yeonghyun Jeon, a researcher at SK Securities, stated, "Due to intensified competition among masstige brands in China, major brands such as Innisfree, Etude, and Mamonde continue to see a decline in market share, and with prolonged sluggishness in the duty-free channel, a short-term stock price rebound is unlikely. Sales in the domestic duty-free channel are expected to decrease by 46% YoY, dragging down overall corporate profitability. Domestic and international online channels are experiencing high growth, but the absolute sales decline offline is greater. Based on the rapidly increasing online proportion since COVID-19, a turnaround is expected next year." He set the target price for Amorepacific at 180,000 KRW.

Over the past five days, individual investors have net bought 25,608 shares of Amorepacific, while foreigners and institutions have net bought 170,924 shares and net sold 192,011 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.