COSMAX is experiencing a decline in its stock price despite achieving record performance in the second quarter due to poor overseas results.
As of 9:17 a.m. on 12th, COSMAX is trading at 213,000 won, down 23,500 won (9.94%) from the previous trading day.
COSMAX announced on the 11th that its second-quarter consolidated revenue reached 623.6 billion won, with operating profit of 60.8 billion won. This marks an increase of 13% and 30%, respectively, compared to the same period last year, achieving the highest figures ever.
However, concerns in the market are growing as losses in the U.S. widen. Park Hyun-jin, a researcher at Shinhan Investment Corp., noted, "The net loss expanded to 20.4 billion won due to delays in securing new clients in the U.S.," adding, "We are adjusting our target stock price downward."
Lee Seung-eun, a researcher at Yuanta Securities Korea, also stated, "I believe the possibility of an upward trend will open once U.S. performance turns to profit."