KB Securities expected Cosmax to continue to rise on the back of China's earnings momentum, which is its core business. In response, the securities firm raised the target price of Cosmax by 15% to 150,000 won and maintained the investment opinion of 'Buy'.
Consolidated sales and operating profit of Cosmax in the first quarter of this year are expected to rise 7% and 31% year-on-year to 351.2 billion won and 21 billion won, respectively.
This year, sales and operating profit are expected to grow 9% and 44%, respectively.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
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