[Market Focus] Dalba Global Surges on Growing Expectations for Overseas 'K-Beauty' Expansion

The stock price of cosmetics company Dalba Global has shown strong performance for three consecutive days since its listing. Expectations for increased overseas sales, as highlighted in a securities firm report, appear to be fueling optimism about the company's growth potential.

As of 11:05 a.m. on May 26, Dalba Global's stock price was up 12.70% from the previous day, reaching 135,800 won. On May 22, the first day of its KOSPI listing, the stock closed up 66%, and on May 23, it rose another 9.45% by the end of trading.

Investor sentiment appears to have surged amid forecasts of rising overseas sales in the wake of the recent popularity of 'K-beauty'. On this day, Hana Securities initiated coverage of Dalba Global with a target price of 170,000 won.

Park Eunjeong, a researcher at Hana Securities, stated, "Dalba Global's overseas sales this year are expected to increase by 138% compared to the previous year." She further analyzed, "This year, Dalba Global is likely to see rapid growth in both scale and profitability, as it expands its presence in North America, Japan, and Russia, where it has already established a foundation, and achieves initial results in emerging markets."