[Featured Stock] Cosmax "Expected to Become a Leading Stock with Overseas Growth Momentum"

Cosmax's stock price is on the rise. Expectations that it could become a leading stock due to overseas growth momentum appear to be influencing the stock price.

At 10:08 AM on the 14th, Cosmax was trading at 164,200 KRW, up 4.12% from the previous day. During the session, it rose to 172,200 KRW, marking a 52-week high.

Cosmax's consolidated sales for the first quarter increased by 31% year-on-year to 526.8 billion KRW, and operating profit for the same period surged 229% to 45.5 billion KRW, surpassing market expectations.

Hyunjin Park, a researcher at Shinhan Investment Corp., analyzed, "Sales growth is notable centered on indie beauty brands in Korea and China, where the sales proportion is high. Additionally, color cosmetics manufactured for major online distribution channels in Japan and Southeast Asia are also expanding their market presence."

Researcher Park added, "The accumulated production and sales know-how so far is translating into an operating leverage effect. Attention should be paid to the fact that the return on equity (ROE), which had been bottoming out, is entering a strong upward trend."