April 24, 2024

• 

[THE INVESTOR] Cosmax is rising on the global stage with its new factory set to start full operations and it diversifies its markets, said Meritz Securities on Oct. 10. 

The operation ratio of its new factory in China that began operations in February is rising fast thanks to the exploding makeup market, said analyst Yang Ji-hye.

A successful joint project with Unilever has secured a global lifestyle goods company as a main client, and Cosmax has cemented its dominance among ODMs in China, emphasized the analyst. It also is actively soliciting clients worldwide including in Thailand, Myanmar, Russia and the US, she added. 

As it continues to invest heavily, however, its capability to manage risks will have to be closely watched, noted the analyst maintaining a “trading buy” recommendation and 140,000 won (US$122.93) target price. 

By Hwang You-mee (glamazon@heraldcorp.com)