[Featured Stock] Cosmax Rises on Strong Q4 Earnings Outlook

Cosmax is showing strong performance amid expectations that its fourth-quarter results last year will exceed market expectations.

As of 9:20 a.m. on the 13th, Cosmax is trading at 158,400 KRW, up 11,000 KRW (7.46%) from the previous close.

On the same day, Hana Securities forecasted that Cosmax's fourth-quarter results last year would surpass consensus (the average forecast by securities firms), with sales increasing 19% year-on-year to 520 billion KRW and operating profit rising 72% to 38.7 billion KRW. Eunjeong Park, a researcher at Hana Securities, said, "Overall, strong performance is expected, with domestic orders continuing to be driven by exports," adding, "Although Cosmax's strength in China has weakened compared to before due to slowing consumption and intensified competition, stable profits will stand out thanks to high growth in domestic and Southeast Asian markets and reduced losses in North America."

This year is expected to record the highest profits. Researcher Park predicted, "Cosmax's performance this year is expected to achieve record profits, with sales increasing 18% year-on-year to 2.5 trillion KRW and operating profit rising 32% to 230 billion KRW," and added, "All subsidiaries are expected to show steady performance this year, with particularly clear growth alongside the global expansion of K-Beauty's market share."