[Click eStock] "Classys, Expanding Overseas Base... Target Price Up"

Kiwoom Securities raised the target price for Classys to 55,000 KRW on the 29th, stating that "its growth will be on a solid path as it expands its base to the US, Thailand, and Europe." The investment rating was maintained at Outperform.

On the same day, Minsoo Shin, a researcher at Kiwoom Securities, said, "Classys' sales in the second quarter of this year are expected to reach 59.1 billion KRW, a 28.8% increase compared to the same period last year, and operating profit is expected to increase by 31.6% to 30.5 billion KRW," adding, "This is the result of strong equipment sales, with consumables accounting for 46.7% of sales."

The expected sales for this year are 233.7 billion KRW, and operating profit is projected at 118.8 billion KRW, representing increases of 29.7% and 32.5% respectively compared to the previous year. Classys plans to expand its entry into the US and Thailand this year.

Researcher Shin stated, "The selection process for partner candidates for entry into the US is underway," and added, "In Thailand, the growth of high-frequency (RF) equipment volume is beginning through large-scale local user meetings and deliveries to major franchises. Next year in Europe, the non-invasive focused ultrasound (HIFU) device Ultraformer MPT (domestic name: Shurink Universe) is scheduled to enter the market, aiming to establish new growth drivers."

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