April 27, 2024

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Although the number of inbound tourists from China is rising slower than expected it will recover soon, said analyst Park Sin-ae. Referring to the cases of Japan, Vietnam and Taiwan that have experienced similar retaliatory actions, the number is highly likely to begin picking up in the second quarter, and completely return to normal in the third quarter, forecast the analyst. 

The beauty giant’s revenue this year will reach 5.9 trillion won with operating profit of 853.2 billion won, estimated Park, growing by 2.2 percent and 3 percent, respectively.

When the inbound tourism from China shows strong signs of recovery, its stock price may rise sharply, and as the current price amply reflects concerns, now is the time to purchase its stocks ahead of a spike, according to the analyst. 

By Hwang You-mee (glamazon@heraldcorp.com) Amorepacific will regain growth in the domestic market, said KB Investment and Securities on Feb. 21, upgrading the recommendation to a “buy” from a “hold” and raising the target price to 350,000 won (US$325.67) from 320,000 won.