[Featured Stock] C&C International Up 4.38% on Expectations of Record High Performance

The stock price of C&C International, which is expected to achieve record-high performance, is on the rise. As of 9:32 AM on the 5th, C&C International is trading at 128,700 KRW, up 5,400 KRW (4.38%) from the previous trading day.

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On the same day, Han Yoo-jung, a researcher at Hanwha Investment & Securities, stated, "In the second quarter of this year, C&C International's consolidated sales are expected to reach 82.6 billion KRW, a 44.6% increase compared to the same period last year, and operating profit is expected to be 13.1 billion KRW, up 27.2%, meeting market expectations." She raised the target stock price from the previous 100,000 KRW to 150,000 KRW and maintained a buy rating.

The researcher added, "The order growth from domestic color cosmetics clients, which showed overwhelming growth in the first quarter, became even more pronounced in the second quarter. It is judged to have driven overall growth by exceeding 28% of last year's annual sales amount in just half a year," and said, "The stabilization of production at the domestic leased factory, which was additionally invested in last April, was achieved faster than expected, and the separate operating profit margin is estimated to have improved by 2.1 percentage points compared to the previous quarter."

She also said, "Although a latecomer in cosmetics Original Design Manufacturing (ODM), the company is recognized for its product competitiveness and continues to receive orders from prominent domestic and international clients," adding, "It is recording a high external growth rate comparable to brand companies, and the valuation (stock price level relative to corporate value) burden will gradually ease. The correction is soon a buying opportunity."