[Click eStock] "APR, Growth Continues with New Products and Factory Operation... Target Price Up"

Daol Investment & Securities analyzed on the 3rd that APR's performance growth will continue due to the launch of new products and the operation of the second factory. The investment opinion was maintained as Buy, and the target stock price was raised to 400,000 KRW.

APR recorded sales of 148.9 billion KRW and operating profit of 27.8 billion KRW in the first quarter. This represents increases of 22% and 20%, respectively, compared to the same period last year. Jonghyun Park, a researcher at Daol Investment & Securities, stated, "Despite a decrease in other sales, sales of beauty devices and cosmetics grew," and evaluated, "Growth in the cosmetics sector accompanied by prototypes, as well as home beauty synergy, stands out."

Daol Investment & Securities forecasted that APR's sales and operating profit in the second quarter will increase by 32% and 36%, respectively, compared to the same period last year, reaching 168.4 billion KRW and 33.8 billion KRW.

Researcher Park explained, "The Unipolar RF Ultratune was launched this month, and the second factory will begin operations," adding, "With the sequential overseas launch of second-generation products and ongoing promotions, sales of beauty devices are expected to reach 76.1 billion KRW." He further added, "Based on a high proportion of over 50% of direct mall sales, repurchases are encouraged, and with the maintenance of low sales commission rates, a first-mover advantage is expected amid the expansion of the home beauty market."

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