[Click eStock] "CNC Inter, Order Explosion... Target Price Raised"

Hana Securities has raised the target price of ‘C&C International’ to 94,000 KRW. It is analyzed that orders in the first quarter are increasing more explosively than expected. C&C International is a domestic KOSDAQ-listed company engaged in OEM (Original Equipment Manufacturing) and ODM (Original Design Manufacturing) of color cosmetics.

On the 5th, Eunjeong Park, an analyst at Hana Securities, stated, "During the investor relations meeting (NDR) and status check meeting held after the earnings announcement, we confirmed that C&C International's orders are significantly increasing this year," adding, "The order volume exceeded 20 million units in February, the highest ever, following 19 million units in January."

Analyst Park said, "Orders are rapidly increasing as the popularity of the global indie brands prescribed by C&C International rises," and forecasted, "Considering that it takes about 2 to 3 months from order to supply, sales related to the order volume can be recognized starting from the first quarter."

He added, "C&C International's production capacity also increased, likely enabling production of about 12,000 units in January and February," and predicted, "From March, production capacity will increase by about 20%, generally increasing the supply volume." However, he noted, "Production facilities are insufficient compared to orders," and expected, "Additional leased factories will be put into operation in March to quickly boost production capacity."

Meanwhile, C&C International also achieved significant performance growth last year. The annual consolidated sales last year increased by 28% year-on-year to 280 billion KRW, and operating profit rose by 65% to 53 billion KRW.

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