[Click eStock] "APR, Overseas Sales Accelerate from Q4"

NH Investment & Securities analyzed on the 4th that exports to the United States and Japan for APR will accelerate from the fourth quarter of this year. The investment opinion of "Buy" and the target stock price of 380,000 KRW were maintained.

Jiyoon Jeong, a researcher at NH Investment & Securities, explained, "It is clear that the performance is on an upward trend quarterly, and the export amount of home beauty devices in September increased to an all-time high. Through marketing, online sales during major shopping seasons in the US, Japan, and other countries will be boosted, and this effect is expected to continue until the first quarter of next year."

However, the third-quarter performance is expected to fall short of forecasts. NH Investment & Securities projected APR's consolidated sales and operating profit for the third quarter to be 166 billion KRW and 29.5 billion KRW, respectively, representing increases of 36% and 35% compared to the same period last year.

He said, "The third-quarter operating profit is estimated to slightly miss the consensus," adding, "The main reasons are the underperformance in the domestic fashion sector and new device results." He continued, "Considering the acceleration of exports to the US and Japan in the fourth quarter, the performance in the fourth quarter and the first quarter of next year is rather seen as a positive factor."