[Featured Stock] Cosmax Rises 4% Intraday on Earnings Improvement Outlook

[Asia Economy Reporter Minji Lee] Cosmax is showing an upward trend. This is analyzed to be due to expectations that its performance will improve as the second half of this year progresses.

According to the Korea Exchange at 9:12 AM on the 3rd, Cosmax was traded at 109,500 KRW, up 4.29%.

Cosmax is expected to show improved performance this year. Sales growth is anticipated to be driven mainly by the expansion of online sales and securing large customers in the Chinese market. Haeni Lee, a researcher at Shinhan Financial Investment, explained, "Additional performance improvement is possible when the recovery of Chinese cosmetics consumption and the sales recovery of domestic mid-sized Korean cosmetics brands at duty-free shops occur," and added, "We present a target stock price of 125,000 KRW, which is a 10% increase."