[Click eStock] "CTK Benefits from North America OTC Growth"

Hana Securities on the 17th predicted that CTK would benefit from the growth of the over-the-counter (OTC) market in North America.

Choi Jae-ho, a researcher at Hana Securities, said, "CTK acquired an OTC factory in California, USA," and explained, "It is an OEM factory specializing in OTC cosmetics that is already generating sales."

He added, "They will secure additional OTC products from existing clients such as cosmetics companies L'Or?al, Unilever, Est?e Lauder, Chanel, and Dior," and "Profit margins could rise up to 30% due to factory automation."

Researcher Choi analyzed, "CTK's subsidiary CTK Bio Canada manufactures biodegradable plastic (PBAT, PHA) resin," and "They have secured growth drivers both domestically and internationally." He said, "Domestically, it is expected to adopt eco-friendly plastics such as marine buoys and mulching films," and "According to the Ministry of Oceans and Fisheries, the expected size of the domestic buoy market is 1.2 trillion KRW as of next year."

He explained, "Overseas, they are discussing supplies of disposable products and agricultural materials with global distributors, airlines, and the governments of the United States and Canada."

This content was produced with the assistance of AI translation services.