Tonymoly showed strong performance in the early trading session, reaching a 52-week high due to expectations of high growth in its core business and subsidiaries.
As of 9:24 AM on the 13th, Tonymoly is trading at 13,780 KRW, up 780 KRW (6.00%) from the previous day. During the session, the price rose to 14,200 KRW, setting a new 52-week high.
The expectation of high growth in the core business and subsidiaries appears to have driven the stock price increase. On this day, Yuanta Securities cited Tonymoly’s investment points as the new entry into multi-brand shops (MBS), expansion of export distribution channels, and high growth of its subsidiary Megacos. Researcher Lee Seung-eun of Yuanta Securities stated, "Tonymoly’s second-quarter sales are expected to increase by 29.6% year-on-year to 47 billion KRW, and operating profit is expected to rise by 83.7% to 4.7 billion KRW. High sales growth is anticipated across all channels compared to the first quarter, with investment points being new entries into MBS (Daiso, Olive Young), expansion of export distribution channels, and high growth of the subsidiary Megacos."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
