[Click eStock] "WONTEC, Rising Expectations for Overseas Expansion of Oligeo and Laviang"

Sangsangin Securities analyzed on the 1st that Wontec is expected to record high performance this year due to the overseas market expansion of its main products, Oligio and the laser device La Vie en.

Kim Hyemi, a researcher at Sangsangin Securities, stated in a report on the same day, "Wontec is expected to see strong domestic sales growth of its main product Oligio and new overseas market entry," adding, "Oligio has price competitiveness compared to the global RF representative device Thermage, and based on this, it is actively preparing to enter overseas markets such as Brazil and China." She also added, "Along with this, sales of Oligio tips are also growing, which is expected to improve overall company profitability."

Furthermore, researcher Kim said, "The laser device La Vie en is rapidly penetrating the Brazilian market, which is the third largest in the world," and "La Vie en accounts for most of the laser device exports from Korea to Brazil, with a sales target of 400 units this year."

Due to these export issues, Wontec's consolidated performance this year is expected to record sales of 127.6 billion KRW and operating profit of 49.6 billion KRW, representing increases of 56.6% and 85.3% respectively compared to the same period last year.

Researcher Kim analyzed, "The order volume for Oligio in the first half of this year has already exceeded last year's annual sales," and "the sales growth potential of La Vie en was also confirmed through the cumulative sales volume (700 units) up to the first half and the export amount of laser devices to Brazil in the second quarter of this year (6.6 billion KRW)."

He continued, "Although a decline in profitability compared to the first quarter is inevitable due to large-scale advertising expenses and incentive payments in the second quarter, the annual operating profit margin is expected to improve by 5.7 percentage points as consumables sales grow."

Additionally, he added, "Currently, the stock price is at the upper end of the band with a forecasted price-earnings ratio (PER) of 22.4 times for this year, but as the overseas approval for Oligio becomes visible in the future, there is potential for further price increases due to upward revisions in performance forecasts."

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