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THE INVESTOR
April 05, 2020
Big Reunion

Stocks & Bonds

[EQUITIES] ‘Aekyung gains from growing exports to China’

  • PUBLISHED :November 26, 2018 - 13:37
  • UPDATED :November 26, 2018 - 13:37
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[THE INVESTOR] Aekyung Industrial will grow sharply on the back of increasing exports to China and strong duty-free sales, said KB Investment and Securities on Nov. 26 maintaining a “buy” recommendation and 74,000 won (US$65.49) target price. 




Its exports to China on this year’s Singles’ Day more than doubled from last year, and has topped the cosmetics category. Next year, it will not only expand its presence online and double the number of H&B stores from the current 300. It also plans to diversify overseas. Revenue in the fourth quarter will rise 4 percent on-year to 195.7 billion won and operating profit by 200 percent to 23.7 billion won, said analyst Yoo Min-seon. 

Most of its major products have obtained approval from Chinese authorities and its new product Age 20’s does not even need approval. In the domestic market, its special edition compact continues to sell fast through home shopping channels, and Derma Esthe may further boost its revenue, added the analyst. 

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

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