KB Securities on the 17th said d'Alba Global's earnings growth is expected to continue from the second quarter. It raised its target price to 230,000 won from 220,000 won and maintained a "buy" rating. d'Alba Global's closing price in the previous session was 188,700 won.
For the first quarter of this year, d'Alba Global's revenue is estimated at 163.2 billion won and operating profit at 37.7 billion won. This represents increases of 43.5% and 9.5%, respectively, from a year earlier.
From the second quarter, offline reorder volumes centered on the United States and Russia are expected to be fully reflected, with revenue and operating profit beating market expectations by 5.5% and 9.3%, respectively.
Son Min-young, a KB Securities analyst, said, "The domestic H&B channel is expected to remain solid, and most of Russia's large first-quarter orders will be recognized in the second quarter."
KB Securities projected d'Alba Global's revenue this year at 735.9 billion won, up 41.6% from a year earlier, and operating profit at 151.6 billion won, up 49.4%.
Son said, "Growth in Europe is expected to be the steepest, while the United States and Japan could lead earnings growth as offline channel rollovers begin."