[Special Stock] Classys with 'Quarterly Record High Earnings' Up 18.82%... Soars to 9th in KOSDAQ Market Cap

The stock price of Classys, a beauty medical device company that announced strong performance in the first quarter of this year, is on the rise. As of 11:41 AM on the 9th, Classys is trading at 48,300 KRW, up 7,650 KRW (18.82%) compared to the previous trading day. As a result, Classys' market capitalization jumped to 10th place in the KOSDAQ market during the session.

Classys' first-quarter sales amounted to 50.4 billion KRW, a 29.3% increase compared to the same period last year, and operating profit rose 33.3% to 26.5 billion KRW. These figures exceeded market expectations by 4.1% and 7.7%, respectively, achieving the highest quarterly performance in the company's history.

On the same day, Heeryeong Jeong, a researcher at Shinhan Investment Corp., said about Classys, "Overseas consumables sales recorded 17.3 billion KRW, driving the company's overall quarterly performance growth. The growth of consumables in key export countries such as Thailand and Brazil is steep," raising the target stock price by 11% to 49,000 KRW from the previous estimate.

He evaluated, "It is a model company leading the sector," adding, "The expansion of new product launches and the rising awareness of procedures for existing flagship products are simultaneously driving high growth in performance." He further added, "Based on the sustainability of this growth trend, it justifies the valuation (stock price level relative to corporate value) across the sector."