[Click eStock] "Spigen, Sustaining Growth Through Portfolio Expansion"

[Asia Economy Reporter Hyungsoo Park] Research Alom forecasted on the 5th that Spigen Korea will continue to grow by expanding its portfolio from existing smartphone accessories to beauty products such as cosmetics.

Choi Seonghwan, Senior Researcher at Research Alom, explained, "Spigen Beauty, a subsidiary of Spigen Korea, recently received a large-scale order for disinfectants upon request from the state of California in the United States in relation to COVID-19."

He added, "Despite only pre-reflecting some transportation costs in June related to the COVID-19 orders, the company achieved strong performance in the second quarter," and "Sales will be fully reflected starting from the third quarter."

Researcher Choi analyzed, "On May 27, a plan to acquire land and buildings worth 19.3 billion KRW was announced," and "This is to secure its own warehouse in the Incheon logistics complex to enhance the efficiency of the independent logistics system business called ‘Warehouse Saver.’"

He also emphasized, "Securing a logistics warehouse is an investment to respond to the recently surging volume of third-party Saver," and "It is estimated that Spigen Korea will achieve an operating profit of 53.7 billion KRW on a consolidated basis this year."

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