[Click eStock] Cosmax Surpasses 1.8 Trillion KRW in Sales "Target Price Raised"

[Asia Economy Reporter Lee Seon-ae] IBK Investment & Securities announced on the 8th that it maintains a buy rating on Cosmax and raises the target price to 180,000 KRW. This adjustment is due to performance growth this year.

Cosmax's Q4 performance maximized efficiency through the sale of strategic products across regions, clients, and categories. In Shanghai, China, 6 new clients among 16 online clients rapidly rose to the top, and the sales contribution of strategic product groups expanded to 40%. Although the U.S. continued to experience net losses, improvements were also confirmed in existing business soundness, production of luxury categories for global clients, and strategic proposals of basic content for clean beauty and indie brands.

Trends in Q1 this year also show that Korea and China are exceeding domestic and international market growth rates, centered on orders from online clients.

Ji-young Ahn, a researcher at IBK Investment & Securities, emphasized, "On an annual basis, Cosmax is expected to maintain consolidated sales of 1.87 trillion KRW at the group's 30th anniversary point (guidance: group 2.5 trillion KRW / consolidated 1.8 trillion KRW) and an operating profit margin of 7.5%. Profitability is expected to stabilize based on an advanced production system, focusing on innovative products by region and core clients."

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