Amorepacific Corporation's stock price showed strength early in the session on the 6th. The securities sector forecasted that Amorepacific Corporation's fourth-quarter performance last year would significantly improve.
As of 9:32 a.m. on this day, Amorepacific Corporation was trading at 116,500 won, up 7.96% (8,400 won) from the previous trading day.
Yuanta Securities noted on this day that Amorepacific Corporation's fourth-quarter operating profit last year would meet the consensus. They also projected that a performance turnaround would occur.
Lee Seung-eun, a researcher at Yuanta Securities, projected Amorepacific Corporation's fourth-quarter revenue last year to be 1.03 trillion won, an 11% increase from the same period the previous year. Operating profit was estimated to rise 286% year-on-year to 80 billion won.
The researcher explained, "The possibility of a performance turnaround for Amorepacific Corporation is being confirmed," adding that "the positive outlook for Amorepacific Corporation's mid- to long-term growth potential remains valid."