[Featured Stock] Seonjin Beauty Rises 3% on Expected Sales Growth from OEM

The stock price of Seonjin Beauty Science is on the rise. Expectations that sales growth will continue through original equipment manufacturing (OEM) and its own brand business appear to be influencing the stock price.

At 10:04 AM on the 3rd, Seonjin Beauty Science was trading at 19,210 KRW, up 3.84% from the previous day.

Hyunjin Park, a researcher at Shinhan Investment Corp., explained, "Sales of eco-friendly cosmetic ingredients have been steadily increasing, and sales growth is expected to continue through OEM and our own brand business. The return on equity (ROE) level is on an upward trend due to maximizing the profit leverage effect from improved production efficiency at the ingredient manufacturing plant."

Researcher Park added, "Recently, many OEM companies are experiencing capacity shortages due to the boom in indie beauty brands, so a trickle-down effect from the OEM business is expected. Additionally, the cleansing balm product from the clean beauty brand iRecipe will be launched on Olive Young's online platform, which will expand distribution power."