NH Investment & Securities said on the 24th that beauty tech company APR is expected to record its highest quarterly performance in the second quarter. It maintained a 'buy' rating and raised the target price from 115,000 won to 170,000 won, an increase of 47.8%. APR's closing price on the previous trading day was 141,200 won.
NH Investment & Securities estimates that APR will record sales of 291.5 billion won and an operating profit of 62.1 billion won in the second quarter of this year (April to June). These figures represent an increase of 87% and 122%, respectively, compared to the same period last year.
Jung Ji-yoon, a researcher at NH Investment & Securities, noted, "With remarkable growth in the beauty sector, the highest quarterly performance in history is expected in the second quarter of this year," adding, "By region, significant growth rates are expected in the United States (228%), Japan (276%), and other regions (including B2B at 296%)."
APR's growth potential for the second half of the year is also considered large. Researcher Jung stated, "The growth rate of the cosmetics industry is truly overwhelming, and it is still in the early stage of entering offline stores," and added, "Considering the launch of skin boosters and medical beauty devices in 2027-2028, it has sufficient long-term growth potential."