[Click eStock] "Pharmsville, Expected Benefits from COVID-19 Amid Growing Interest in Health Supplements"

Hana Financial Investment Issues 'Buy' Investment Opinion and Target Price of 20,700 Won... Closing Price on the 10th at 12,950 Won

[Asia Economy Reporter Kum Boryeong] As interest in health functional foods has expanded due to the novel coronavirus infection (COVID-19), it is analyzed that Farmsville will benefit.

According to Hana Financial Investment on the 13th, Farmsville's first-quarter performance this year is estimated at sales of 10.9 billion KRW and operating profit of 3 billion KRW. These figures represent increases of 142.2% and 232.5%, respectively, compared to the same period last year.

Lee Jung-ki, a researcher at Hana Financial Investment, said, "Despite COVID-19, the improvement in performance is remarkable. This is attributed to the increase in time spent at home due to the epidemic, the expanded interest in health functional foods because of COVID-19, the favorable health functional food market, steady sales growth through Lotte Home Shopping since April last year, and continuous new product launches through rapid market response." He added, "The growth rate in the second quarter is expected to be even faster because new entry into major home shopping channels is scheduled."

The expected performance for the second quarter is sales of 14.3 billion KRW and operating profit of 3.4 billion KRW, which is anticipated to be better than the first quarter. The researcher said, "At the end of this month and mid-May, new entry into major home shopping channels will maintain growth momentum." He continued, "Considering that sales generated over nine months through major home shopping channels since April last year amounted to about 7.5 billion KRW (approximately 35 broadcasts), the additional sales generated newly through two new home shopping channels this year will be over 15 billion KRW."

Hana Financial Investment gave Farmsville a 'Buy' investment opinion and set a target price of 20,700 KRW. The closing price on the 10th was 12,950 KRW.

This content was produced with the assistance of AI translation services.