Hana Financial Investment noted on the 15th that COSMAX is expected to achieve its largest-ever performance as global exports expand. It maintained an investment opinion of "buy" and a target stock price of 220,000 won. The closing price of COSMAX on the previous trading day was 164,600 won.
Hana Financial Investment estimated that COSMAX's consolidated revenue for the first quarter (January to March) of this year would be 570 billion won, with an operating profit of 47.9 billion won. This represents increases of 9% and 5%, respectively, compared to the same period last year, generally aligning with market expectations (operating profit of 48.4 billion won).
Park Eun-jeong, a researcher at Hana Financial Investment, said, "As the global expansion of Korean cosmetics increases, domestic performance is expected to reach an all-time high," adding, "As demand for export-driven brands and functional products grows, orders are being concentrated on top original design manufacturer (ODM) companies with the technology to produce export and functional products."
She also said, "As COSMAX has continued a strong order flow since the beginning of the year, it has already surpassed last year's peak season sales. For the year, the domestic and Southeast Asian subsidiaries are expected to drive growth, and in the second half, the recovery of the Chinese and U.S. subsidiaries will add to the expectations for performance to be strong in the latter half of the year."