[Market Focus] Pumtech Korea Hits 52-Week High on Strong K-Beauty Export Performance

On August 6, Pumtech Korea saw a strong performance following news that cosmetics exports in the first half of the year had reached an all-time high.

As of 10:00 a.m., Pumtech Korea was trading at 71,800 won, up 4,300 won (6.37%) from the previous trading day. During the session, the price rose as high as 72,500 won, setting a new 52-week high.

At the same time, other cosmetics stocks such as APR (13.72%), Jayjun Cosmetic (0.99%), Bio Bijou (2.62%), and Korea Kolmar (3.07%) were also on the rise.

On this day, the Korea Health Industry Development Institute announced that, thanks to robust exports of cosmetics and pharmaceuticals, health industry exports in the first half of this year had reached a record high.

In the first half of the year, South Korea's total health industry exports amounted to $13.79 billion, a 13.2% increase from $12.18 billion in the first half of last year.

Of this, cosmetics exports rose by 14.9% to $5.51 billion, marking the highest half-yearly figure ever recorded.

Pumtech Korea is continuing to drive K-beauty growth, focusing on indie brands. The company is expanding its customer portfolio based on a diverse range of container products, including pumps, tubes, compacts, and sticks.

On July 24, KB Securities projected that Pumtech Korea would achieve record-high sales and operating profit this year. The firm also raised its target price from 61,000 won to 79,500 won.