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The Korea Herald
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THE INVESTOR
March 28, 2024

Stocks & Bonds

[EQUITIES] ‘Cosmecca Korea to post record earnings in Q2’

  • PUBLISHED :May 08, 2018 - 10:49
  • UPDATED :May 08, 2018 - 10:49
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[THE INVESTOR] Cosmecca Korea’s earnings in the second quarter will be a record high, said Shinhan Investment on May 8, maintaining a “buy” recommendation and raising the target price to 50,000 won (US$46.39) from 42,000 won.




Its operating profit in the first quarter will dip 7.28 percent on-year to 1.3 billion won but will rebound, said analyst Lee Ji-yong. 

Recovering inbound tourism from China will boost both its domestic revenue and operating profit, according. Earnings in the second quarter will be a record high with 78.9 billion won revenue and 6.9 billion won operating profit, up 58.2 percent and 32.2 percent on-year, respectively, he estimated.

Revenue for the whole year will hike 34.2 percent from last year to 244.7 billion won and operating profit by 38 percent to 15.2 billion won, said Lee, adding that investors should consider its positive earnings results on the back of differentiated domestic client base and acquisition of Englewood Lab in the US. 

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

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