In early trading on the 2nd, cosmetics-related stocks are rising. Buying is seen as concentrating on the securities industry's analysis that last month's domestic cosmetics exports hit an all-time high.
As of 9:48 a.m. that day on the Korea Exchange, COSMAX is trading at 205,000 won, up 5,000 won (2.5%) from the previous session. At the same time, d'Alba Global is also trading at 156,500 won, up 3,700 won (2.36%) from the previous session.
In addition, APR (2.61%) and Kolmar Korea (1.65%) are also rising.
That day, the securities industry said last month's domestic cosmetics exports set a new all-time high.
Jung Ji-yoon, an analyst at NH Investment & Securities, said, "In March this year, cosmetics exports amounted to $976.58 million (about 1.4739 trillion won), setting a new all-time high."
According to Jung, domestic cosmetics exports saw growth slow in the Middle East due to the impact of war, but growth continued in Asia and Western markets.
Last month's export growth rates in Asia were 38% for Taiwan, 33% for Indonesia and 32% for Malaysia. Among Western markets, the United States recorded 48%, Canada 80%, the Netherlands 196% and the United Kingdom 203%.
Jung said, "Going forward, APR is expected to sustain its earnings momentum by showing clear sales expansion in online channels in the United States and Europe," adding, "Amorepacific is expected to meet market expectations thanks to a rebound in COSRX's results."