[Click eStock] "Pumtek Korea, New Monthly Order Record... Expecting Best Performance This Year"

Hana Securities analyzed on the 17th that Permtek Korea is expected to achieve its best performance this year, including setting a new monthly order record. No investment opinion or target price was provided.

Hana Securities forecasted that Permtek Korea will record sales of 89.2 billion KRW and operating profit of 12.4 billion KRW in the first quarter. This represents increases of 16% and 21%, respectively, compared to the same period last year. Eunjeong Park, a researcher at Hana Securities, said, "January was affected by a decline in production efficiency due to fewer business days, but new monthly order records were set in February and March," adding, "We expect performance similar to the previous quarter, which recorded the highest sales."

She stated, "In February, the monthly order amount exceeded last year's maximum, and the strong order trend has continued into March," and evaluated, "A shortage occurred mainly in last year's core product groups, and brand companies concerned about this are actively discussing securing volumes."

Sales and operating profit of the pump division in the first quarter are expected to be 67.6 billion KRW and 9.9 billion KRW, respectively, representing increases of 18% and 17% compared to the same period last year. She said, "Despite a high base effect, we expect double-digit sales growth as the maximum order trend continues," and added, "Monthly production volume is also increasing to its highest level, and volumes secured from domestic indie brands are rapidly increasing."

The tube division is expected to record sales of 20 billion KRW and operating profit of 3 billion KRW, up 12% and 30%, respectively, compared to the same period last year. She evaluated, "Production volume has rapidly increased since February, reaching last year's maximum monthly production level," and added, "Tube orders, used as containers for various product groups such as toothpaste, sun care, and skin care, are rapidly increasing."

Hana Securities forecasted that Permtek Korea will achieve sales of 380 billion KRW and operating profit of 55.3 billion KRW this year, representing increases of 13% and 14%, respectively, compared to the previous year. She emphasized, "Based on a diverse container lineup and competitive trendy product development, not only the volumes from large-scale indie brands but also the inflow of new customers are continuously increasing," adding, "We expect to achieve the best performance this year as well, through domestic market share expansion, global volume growth, and production capacity expansion."