[Click eStock] "Aekyung Industrial, Continued Strong Performance in Cosmetics... 'Target Price Maintained'"

Hana Securities forecasted on the 17th that Aekyung Industrial's cosmetics division will continue to perform well. They maintained a 'Buy' investment rating and a target price of 29,000 KRW.

Park Eun-jung, a researcher at Hana Securities, stated, "Aekyung Industrial's Q2 sales are expected to reach 170 billion KRW, a 6% increase year-on-year on a consolidated basis, and operating profit is expected to increase by 9% to 18 billion KRW, generally meeting market expectations. While exports of household goods remain steady, domestic demand is somewhat sluggish. In cosmetics, strong domestic performance and expanded sales channels outside China will lead to solid results."

Researcher Park added, "Aekyung Industrial's cosmetics sector is robust both domestically and internationally, and the company is accelerating its global expansion. China is the only listed market showing steady performance, and this year the company is expanding its footprint into Japan and the United States." She further explained, "Although the U.S. market is in its early stages, strategies for key brands and products have been finalized, laying the foundation for high growth in 2025."