Cosmecca Korea rose 5% in early trading on the 27th. The move is seen as driven by improved investor sentiment after the securities industry issued positive outlooks for this year's earnings.
As of 10:19 a.m. on the 27th, Cosmecca Korea was trading at 81,800 won on the KOSDAQ market, up 4,000 won (5.14%) from the previous session.
Jeong Ji-yun, a researcher at NH Investment & Securities, said of Cosmecca Korea, "Along with the solid growth trajectory of its clients, the company is diversifying its order portfolio by expanding its pool to more than 600 clients."
NH Investment & Securities projected Cosmecca Korea's first-quarter standalone revenue this year at 128.5 billion won and operating profit at 15.6 billion won. Revenue rose 73% from a year earlier, and operating profit increased 94%. Operating profit is estimated to hit an all-time high.
The firm also analyzed as a positive factor for net profit attributable to owners of the parent that on the 25th it raised its equity stake in U.S. cosmetics company Englewood Lab through a tender offer, from 50.08% to 66.67%.
On a consolidation basis, first-quarter revenue was forecast at 171.1 billion won and operating profit at 20.9 billion won. The figures are up 45% and 70%, respectively, from a year earlier and were seen as meeting market expectations.