Shinsegae International is showing strong performance on expectations of cosmetics sales growth in the second half of the year.


As of 9:30 a.m. on August 26, Shinsegae International was trading at 10,620 won on the Korea Exchange, up 270 won (2.61%) from the previous day.



Securities firms' analysis that cosmetics performance is expected to improve in the second half appears to be influencing the stock price. Shinhan Investment & Securities predicted that expectations for a recovery in Shinsegae International's performance in the second half would increase due to higher profit contributions from cosmetics. Park Hyunjin, a researcher at Shinhan Investment & Securities, stated, "Cosmetics sales are improving thanks to the acquisition of Amuse in October 2024," and added, "It has been identified that Amuse's B2B (business-to-business) sales are increasing through overseas distribution agencies, which suggests the possibility of highlighting cosmetics sales growth in the second half." Park further noted, "There is a possibility of upward revisions to cosmetics performance estimates."

[Market Focus] Shinsegae International Rises on Expectations of Cosmetics Sales Growth in Second Half View original image


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