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Cosmax |
[Alpha Biz= Reporter Kim Sangjin] Yuanta Securities raised its target price for Cosmax from 168,000 won to 185,000 won, maintaining a "buy" rating, as the company is expected to surpass market consensus in its Q3 performance. Cosmax’s projected Q3 revenue and operating profit stand at 5.14 trillion won and 450 billion won, respectively, with partial write-back of bad debt from Q2 anticipated to positively impact operating profit.
Cosmax continues to leverage strong K-beauty export performance, which has remained robust due to global demand, especially from emerging mid-sized brands expanding internationally. The analyst highlighted that Cosmax’s export competitiveness and strong client base will support this positive momentum.
In the domestic market, Cosmax is expected to achieve a 25% YoY revenue growth through sustained orders from its top 10 clients and increasing exports, as well as strong sales of beauty device-related products. Internationally, while growth in China may slow, the company is poised to benefit from rising demand in Southeast Asia, a region with high economic growth and increasing beauty product consumption, positioning it as a new growth driver for Cosmax.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
