The stock price of Dalba Global, which is making steady progress in its global expansion, is showing strong performance.
As of 2:18 p.m. on June 12, Dalba Global was trading at 166,700 won, up 19,200 won (13.02%) from the previous trading day.
Korea Investment & Securities maintained its "Buy" rating and target price of 180,000 won for Dalba Global on this day, stating that "the company's global expansion is proceeding smoothly." Kim Myungjoo, a researcher at Korea Investment & Securities, said, "As of yesterday, Dalba's First Spray Serum ranked 51st on Amazon in the United States, 8th in Canada, 8th in Germany, and 1st in Spain. The consistently rising rankings on Amazon in the United States and Canada, as well as the solid rankings in Europe, are highly impressive."
He added, "As early as the third quarter, Dalba's new offline channel sales will begin. The sales from new offline channels to be added next year are highly likely to increase rapidly." He emphasized, "Thanks to Dalba's strategy of building sufficient brand awareness online before entering offline stores, the margins for offline channel sales are better than those for online channels."
He also noted, "Stock price volatility due to the upcoming lock-up expiration (19% of issued shares) on June 22 is inevitable." However, he added, "The stock price is expected to trend upward thanks to an attractive valuation and a wise marketing strategy targeting premium skincare."
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