[Click eStock] "Pumtek Korea, Growth Driven by Increased Orders from Global Clients"

Yuanta Securities analyzed on the 11th that Pumptec Korea is expected to grow due to an increase in orders from global clients. No investment opinion or target price was provided.

Pumptec Korea is a manufacturer of plastic-based cosmetic containers. Yuanta Securities forecasted that Pumptec Korea's sales and operating profit in the second quarter will increase by 9.4% and 11.1% year-on-year to 83 billion KRW and 11.5 billion KRW, respectively.

Lee Seung-eun, a researcher at Yuanta Securities, explained, "The second quarter is the peak season for Pumptec Korea, a period when production of sun care products increases," adding, "The reason for the relatively lower growth rate compared to other cosmetic companies is believed to be due to the company's high growth base last year." He further added, "If orders from global clients increase in the second half of the year, the growth rate is expected to rise."

He evaluated, "It is expected that the proportion of global brand clients will increase by targeting the European and North American markets in the future," and "The company is maximizing production efficiency through the construction of the 4th factory and investment in automation facilities, and aims for continuous growth in the global market by developing eco-friendly (recyclable, refillable) products."