[Click eStock] "Pumtek Korea, Growth Continues Amid Favorable Market Environment"

Heungkuk Securities analyzed on the 22nd that Permtek Korea is expected to continue growing due to a favorable market environment. The investment opinion 'Buy' and the target price of 36,000 KRW were maintained.

Permtek Korea recorded sales of 72.7 billion KRW and an operating profit of 8.3 billion KRW in the fourth quarter of last year. This represents increases of 28.3% and 58.0%, respectively, compared to the same period last year. Hyunkoo Jang, a researcher at Heungkuk Securities, explained, "The main business units, Permtek Korea and Buguk TNC, showed solid performance, but considering the one-time costs in the fourth quarter from Jallonne Natural, it is judged that the operating profit slightly exceeded the consensus."

However, this year, growth is expected to continue in line with the favorable market environment. He said, "Market share continues to rise, and corresponding expansions will follow," adding, "The groundbreaking of the 4th factory is expected to be moved up from the originally planned 2nd quarter to the 1st quarter." He also anticipated, "Production capacity (CAPA) will expand by 10-20% compared to the existing level."

He further stated, "Due to the sale of competitors, there are signs of increased orders from large overseas clients," and predicted, "With the ongoing K-beauty trend centered on indie brands, the cosmetic container market will continue to be led this year as well."