[Featured Stock] AmorePacific Up 3%... Investor Sentiment Improves on China Business Expectations
[Asia Economy Reporter Lee Seon-ae] Amorepacific is showing strong performance in early trading. The recent expectations of increased sales from the Chinese subsidiary through e-commerce and other channels are analyzed to have positively influenced investor sentiment.
As of 10:34 AM on the 15th, Amorepacific is trading at 188,500 KRW, up 3.86% compared to the previous trading day.
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On this day, Mi-jin Jo, a researcher at NH Investment & Securities, stated in a report, "Sulwhasoo is expected to expand its high-end line centered on Jaumsaeng and Jinsul, increasing the Chinese subsidiary's sales proportion to 43% next year," and added, "Innisfree is undergoing strong restructuring, reducing the Chinese subsidiary's sales proportion to 15% next year, and the deficit trend is expected to gradually resolve toward the end of the year."
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