[Market Focus] Amorepacific Surges Over 8% on Strong Q3 Results

On the morning of November 7, shares of Amorepacific surged by more than 8% in early trading. Investor sentiment appears to have improved following securities firms' positive assessments of the company's strong third-quarter results.

As of 9:26 a.m. on this day, Amorepacific's stock price was up 8.43% from the previous trading day, reaching 128,600 won. The stock opened at 120,900 won and continued to climb, at one point soaring to 130,300 won during intraday trading.

Amorepacific announced that its third-quarter operating profit was 91.9 billion won and sales reached 1.0169 trillion won, marking increases of 41% and 4%, respectively, compared to the same period last year.

Regarding this, Hyung Kwonhun, a researcher at SK Securities, commented, "It is somewhat disappointing that COSRX's performance fell short of market expectations, but the strong sales growth of the Amorepacific brand is encouraging." He added, "The dual-track strategy that fully leverages COSRX's agile response to trends is generating a positive consumer response, so there is reason to be optimistic about future performance."

Lee Gayoung, a researcher at Samsung Securities, stated, "These are solid results that met expectations," and pointed out, "The trend of proprietary brand growth in the United States and Europe is expected to continue to drive overall company performance in the fourth quarter as well."