[Click eStock] "Korea Kolmar, High Performance Growth Continues Until Next Year... Target Price Up"

NH Investment & Securities has raised the target price of Korea Kolmar, a cosmetics original equipment manufacturer (OEM) company, to 88,000 KRW, stating that it will continue its solid performance growth trend until next year.

Korea Kolmar General Technology Institute

Jiyoon Jung, an analyst at NH Investment & Securities, said, "Korea Kolmar's profitability is improving as the proportion of SUN products increases and global exports show strength," adding, "Considering the operation of the second factory in the US in the first half of next year, sales growth is also certain."

Analyst Jung explained, "In addition to the growth in Korea Kolmar's standalone corporate performance, we have also raised the sales forecast for its subsidiary HK Innoen," and added, "As consolidated sales increase, we have raised the consolidated operating profit estimates for this year and next year by 2% each."

He predicted, "Reflecting the recent performance improvement trend, third-quarter sales this year are expected to reach 647.7 billion KRW, up 52% year-on-year, and operating profit is expected to increase by 95% to 60.5 billion KRW." The operating profit forecast exceeds the existing consensus (average market forecast).

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