Shares of cosmetics company d'Alba Global are plunging on results that fell short of market expectations.
According to the Korea Exchange (KRX) on the 6th, as of 9:29 a.m., d'Alba Global was trading at 140,800 won, down 20,100 won (12.49%) from the previous session.
It is interpreted that the third-quarter results not meeting market expectations negatively affected the share price. d'Alba Global announced the previous day that on a consolidation basis for the third quarter of this year, revenue was 117.3 billion won and operating profit was 16.7 billion won.
Jung Ji-yun of NH Investment & Securities said, "Third-quarter operating profit fell 31% below consensus (market expectation) due to an expansion in expenses," lowering the target price to 200,000 won from 240,000 won.
Heo Je-na of DB Securities also analyzed, "As brand marketing expenses for new product lines were executed aggressively, the operating margin came in at 14.2%, down 4.9 percentage points from a year earlier." The analyst then cut the target price to 180,000 won from 200,000 won.