This year, APR is expected to achieve results that exceed market expectations (earnings surprise) in the second quarter, with the stock price showing strength on the 7th.
According to the Korea Exchange, as of 9:53 a.m., APR was trading at 150,000 won, up 12,200 won (8.85%) compared to the previous trading day.
This is interpreted as a result of analyses from the securities sector suggesting that APR will achieve an earnings surprise in the second quarter of this year. Kyobo Securities estimated APR's consolidated revenue and operating profit for the last second quarter to be 296.4 billion won and 63.7 billion won, respectively, which are increases of 91% and 128% from the same period last year. The operating profit exceeds the market expectation of 57.5 billion won.
Kyobo Securities researcher Kwon Woo-jeong noted, "Not only in the United States but also during the Japanese mega-wari event, we recorded the highest performance ever," adding, "Sales are significantly increasing in Europe and Chinese-speaking regions without any special marketing."
Shinhan Investment Corp. also stated, "Due to the upward adjustment in profit levels, we raised our target valuation (the price level against corporate value)," adjusting the target price from the previous 117,000 won to 170,000 won. They maintained their buy recommendation.
Park Hyun-jin, a researcher at Shinhan Investment Corp., said, "The overwhelming domestic and international sales growth of the cosmetics brand 'MediCube' has led to an expansion in scale," adding, "Sales continue to grow at triple digits in the U.S. and Japan. The increase in B2B transactions is a key point, raising the margin rate."