[Click eStock] "Cosmecca Korea Expected to Achieve Record Quarterly Earnings"

Hana Securities estimated on the 22nd that Cosmecca Korea achieved its highest quarterly performance in the second quarter of this year. The target stock price was raised from the previous 56,000 KRW to 95,000 KRW.

Park Eun-jung, a researcher at Hana Securities, explained, "It is estimated that Cosmecca Korea achieved consolidated sales of 130 billion KRW and operating profit of 17.1 billion KRW in the second quarter," adding, "which represents an increase of 14% and 53%, respectively, compared to the same period last year."

She continued, "The expansion of major clients' overseas operations, especially centered on the United States, has increased global market share, leading to a rise in Cosmecca Korea's domestic operating rate."

Researcher Park analyzed, "Most cosmetic ODM (Original Design Manufacturer) companies' domestic factories are operating continuously," and added, "Cosmecca Korea is also experiencing a rapid increase in operating rates due to growing orders." She emphasized, "The increase in volume from key clients and improvements in product mix are accelerating profit growth," and noted, "Several major product lines have ranked among Amazon's bestsellers."

It is estimated that Cosmecca Korea will achieve sales of 550 billion KRW and operating profit of 70.4 billion KRW this year, representing increases of 17% and 43%, respectively, compared to last year.