Expectation for performance has driven a sharp rise in COSMAX's stock price.
As of 10 a.m. on the 13th, COSMAX is trading at 156,500 won, up 6.17% from the previous transaction day.
This stock price trend is attributed to positive forecasts from the securities market about last year's fourth-quarter performance.
On the same day, Park Eun-jung, a Research Institute analyst at Hana Securities, noted, "COSMAX's performance in China is expected to improve seasonally compared to the previous quarter and is better than fears," adding, "Southeast Asia will continue to grow at a high rate and offset losses in the United States."
The Research Institute forecasts that COSMAX's consolidated revenue for the third quarter of last year will be 5.2 trillion won and operating profit will reach 38.7 billion won, reflecting a 19% increase in revenue and a 72% increase in operating profit compared to the same period last year.
Park added, "Although COSMAX's strength in China has diminished due to slowing consumption and intensified competition, stable earnings will stand out due to high growth in the domestic market and Southeast Asia, as well as reduced losses in North America."