As of 12:30 PM on the 30th, Amorepacific is trading at 268,000 KRW, up 2.1% from the previous day. The trading volume is 110,807 shares, which is 71.07% of the previous day's volume. Amorepacific is known as a leading company in the domestic cosmetics industry.
On March 30, KTB Investment & Securities researcher Baesong Yi forecasted a 140% year-over-year increase in 1Q operating profit. The upward revision of estimates for duty-free and China channels was effective. Duty-free is expected to grow by 9%, and China by 15%. Profitability improvement is also anticipated as the contribution of Sulwhasoo in the high-margin categories of duty-free and China expands. Additionally, the big bath effect carried out last year to improve the cost structure is expected to provide operating leverage, further enhancing performance. A total of 160 billion KRW was reflected for workforce reduction in 2020 and domestic and overseas store closures. With sales improvement in 2021, profitability is expected to return to pre-pandemic levels. Baesong Yi set the target price for Amorepacific at 310,000 KRW.
Over the past five days, individual investors have net sold 314,025 shares of Amorepacific, while foreigners and institutions have net bought 356,432 shares and net sold 11,319 shares, respectively.
※Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
