[Click eStock] "VT, Strong Demand in Japan Continues"
Hana Securities forecasted on the 27th that VT will achieve record-high performance in the fourth quarter, driven by strong demand from Japan.
Park Eun-jung, a researcher at Hana Securities, stated in a report on the same day, “VT experienced a sharp decline of 13.8% over the past week, showing a significant drop in a short period,” and added, “Considering the reasons for the stock price decline, it can be interpreted as a profit-taking decision following the sustained strong performance and corresponding stock price increase since the second quarter. Other than that, it is difficult to find additional factors for the decline as strong demand from Japan continues in the fourth quarter.”
VT’s external growth is expected to strengthen further in the fourth quarter. Researcher Park explained, “In the fourth quarter, Japan is proceeding with the entry of Ridleshot into major drugstores and participating in e-commerce discount events,” and added, “The lineup prepared by VT is ranked 1st, 4th, and from 7th to 72nd in terms of sales volume, indicating that the expansion in Japan is progressing smoothly according to the company’s strategy.”
VT’s consolidated sales for the fourth quarter of this year are expected to reach 93.3 billion KRW, with an operating profit of 16.8 billion KRW. These figures represent increases of 23% and 135%, respectively, compared to the same period last year. Researcher Park said, “The solid demand for Ridleshot will continue to drive external growth,” and added, “Especially from the fourth quarter, as securing containers becomes smoother, active store openings across Japan and domestically, as well as vigorous operations in e-commerce, are emerging.”
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He continued, “Following the third quarter, the fourth quarter will again set new records for quarterly sales and profits,” and concluded, “While performance is on an upward trend, corporate value has not yet caught up.”
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