[Click eStock] "Wontec, Focus on Growth in Overseas Regions"

Kiwoom Securities analyzed on the 30th that Wontec's overseas regional growth should be noted this year.

Shin Minsu, a researcher at Kiwoom Securities, stated in a report on the same day, "Wontec's performance this year is expected to reach sales of 159.6 billion KRW and operating profit of 65.4 billion KRW, increasing by 33.2% and 38.1% respectively compared to the previous year," adding, "With still much room to pioneer overseas markets, how well the company performs will be a key point this year."

First, Brazil is expected to start operations after obtaining approval for its main product, 'Oligio,' in the first quarter of this year. Thailand is preparing to achieve annual sales of around 200 units through obtaining Oligio approval in the first half of the year and aggressive local direct sales marketing. Growth is also anticipated in Taiwan, Malaysia, Japan, and other regions.

Researcher Shin Minsu analyzed, "Last year, not only was equipment infrastructure secured, but the proportion of consumables sales, which greatly contribute to profit margins, also increased to around 26%, resulting in an operating profit margin reaching an all-time high of 41%."

He continued, "However, the stock price has adjusted down by -28% from the December peak as overall expectations for the skin beauty equipment sector have declined," and added, "Since the company's fundamental aspects have not significantly changed, we maintain a buy rating."