[Special Stock] Kolmar Korea Manufactures Many Amazon 'Top 10' UV Protection Products... Highlighted as No.1 Sunscreen
Korea Kolmar is showing strength. Securities firms' analysis that highlights the seasonal performance growth driven by sun (UV protection) products seems to be influencing the stock price.
As of 9:34 AM on the 30th, Korea Kolmar is trading at 58,200 KRW, up 2.65% from the previous day.
Hyunjin Park, a researcher at Shinhan Investment Corp., said, "The operating profit in the first quarter was lower than expected," but added, "From the second quarter to the third quarter this year, the increase in sunscreen sales will highlight the profit improvement effect." He also mentioned, "Korea Kolmar manufactures many sun products that rank in the Amazon Top 10."
He analyzed, "In the U.S., the order volume from the top client is increasing," and noted, "As of now, the operating rates of the U.S. and Canada subsidiaries are about 21% and 27%, respectively." Furthermore, he emphasized, "We expect sales recovery starting from the third quarter this year due to new product order responses."
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Researcher Park also stated, "Orders for export-specialized indie brands are increasing," and added, "We are setting up a color cosmetics research lab and reinforcing personnel to strengthen our color cosmetics capabilities."
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