[Market Focus] APR Rises Over 3% on Strong Medicube Sales
Cumulative Global Sales of 50 Million Units for the PDRN Product Line
APR is up by over 3% in early trading on April 2.
As of 9:58 a.m. on this day, APR was trading at 357,000 won on the Korea Exchange, up 3.63% from the previous session.
Previously, it was reported that Medicube, a brand under APR, has surpassed a cumulative global sales volume of 50 million units for its PDRN product line. This achievement came approximately 20 months after its initial launch in June 2024.
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On March 24, KB Securities raised its target price for APR by 31.3% to 420,000 won. Minyoung Son, a researcher at KB Securities, stated, "APR attended the Jefferies Asia Forum (JAF) last month and met with overseas investors. These investors are aware of the growth of the global masstige cosmetics market and showed great interest in Medicube's expanding influence and the possibility of increasing its market share within this segment."
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