[Featured Stock] Kolmar Korea Rises on Earnings Growth Expectations... New High

Korea Kolmar has continued its upward trend for four consecutive days amid expectations of earnings growth. It recorded a 52-week high during trading.

As of 9:16 a.m. on the 10th, Korea Kolmar is trading at 75,500 won, up 3,700 won (5.15%) from the previous day. During the session, it rose to 76,900 won, setting a new 52-week high.

The expectation of strong earnings in the second half of the year is interpreted as a factor driving the stock price increase. On the same day, Shinhan Investment Corp. forecasted that Korea Kolmar will deliver its best performance in the third quarter of this year as well, raising the target price from 95,000 won to 107,000 won. Hyunjin Park, a researcher at Shinhan Investment Corp., explained, "Both sales volume and profit margin are expected to show the best performance in the third quarter. The cosmetics original equipment manufacturing (OEM) industry is in a boom phase, with supply struggling to keep up with demand. Korea Kolmar holds a dominant market share in the sunscreen market while efforts to improve production efficiency are paying off." He added, "Margin levels are also expected to improve in the second half of the year." Shinhan Investment Corp. projects Korea Kolmar's third-quarter earnings to reach 644.5 billion won in sales and 65.7 billion won in operating profit, representing growth of 25% and 112%, respectively, compared to the same period last year.