[Special Stock] AmorePacific Weakens as Expectations for China and COSRX Earnings Decline

Amorepacific's stock price is weak. It appears to be influenced by downward revisions in earnings estimates for China and COSRX from the securities industry.

As of 9:56 AM on the 4th, Amorepacific is trading at 132,400 KRW, down 3.57% from the previous day.

Heeji Ha, a researcher at Hyundai Motor Securities, forecasted, "COSRX's growth rate in the third quarter is expected to be somewhat sluggish compared to market expectations, and profitability is likely to decline slightly compared to the first half due to increased marketing expenses for new products and new regional growth." She also added, "The impact of poor performance in China is still ongoing," and "We believe that interest can be raised in the future as the restructuring in China is completed."