[Special Stock] AmorePacific Rises 4% on Expectations of Continued Profit Growth in Second Half

Amorepacific's stock price is on the rise. The securities industry's outlook that a clear profit growth trend will continue through the second half of the year appears to be influencing the stock price.

As of 1:50 PM on the 29th, Amorepacific is trading at 185,900 KRW, up 4.20% from the previous day.

Park Eun-jung, a researcher at Hana Securities, stated, "With the continued expansion of market share in the U.S., this year Innisfree will be added to the Sephora channel, further increasing volume." She added, "Considering COSRX's U.S. sales as well, Amorepacific's U.S. share is expected to expand to 14% of the entire company."

She continued, "COSRX's growth pace is faster than expected," explaining, "North America, which contributes the most, remains strong, and there is still room for overseas expansion." She further noted, "In the second half of the year, with a comfortable base, domestic growth, recovery in China, and expansion in Western markets will fully emerge, continuing a clear profit growth trend."

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