[Click eStock] "Pumtek Korea, Expected Record High Performance in Q2"
Hana Securities analyzed on the 18th that Permtek Korea is expected to achieve its highest quarterly performance in the second quarter. No investment opinion or target price was provided.
Park Eun-jung, a researcher at Hana Securities, explained, "The second quarter is traditionally a strong quarter, with May being particularly robust and June also maintaining strength, leading to a weakening of seasonality. This is understood to be due to the expansion of export volumes from client companies, resulting in continuous large orders."
He added, "Permtek Korea has a higher sales contribution to small and medium indie brands rather than large companies. In the past, orders were placed frequently but in small quantities, whereas recently, the unit size of order volumes has increased. Currently, there is a shortage of certain items; for Permtek Korea, the strategic products are stick and pump products, while for Buguk TNC, tube demand is strong," he analyzed.
Hana Securities analyzed that Permtek Korea's order volumes are increasing both domestically and internationally. Researcher Park said, "Domestically, the volumes from indie brands selling well on Amazon US are steady, and overall order volumes are on an upward trend. Recently, derma brands have been strong, and in color cosmetics, new and flagship products from brands with strong demand in domestic H&B and Japan have been produced using Permtek Korea containers."
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He explained, "Overseas, the biggest change is the promotion to an official partner of the global market share No. 1 client. Although a full-scale increase in volume has not yet appeared, the delivery categories have expanded." He added, "Global Company E has also increased compared to the previous quarter and is receiving orders for high-end brand cushions."
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