As of 10:31 AM on the 1st, Amorepacific is trading at 262,000 KRW, up 1.35% from the previous day. The trading volume is 64,821 shares, which is 24.81% 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, "1Q operating profit expected to increase by 140% YoY. The upward revision of estimates for duty-free and China channels was effective. Duty-free is estimated to grow by 9%, China by 15%. Profitability improvement is also expected as the contribution of Sulwhasoo in the high-margin categories of duty-free and China expands. The big bath effect conducted last year to improve cost structure is expected to provide operating leverage, which is an additional factor for performance improvement. 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." He set the target price for Amorepacific at 310,000 KRW.
Over the past five days, individual investors have net sold 169,489 shares of Amorepacific, while foreigners and institutions have net bought 170,294 shares and 33,696 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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