Daishin Securities maintained its investment opinion 'buy' and target price of 53,000 won on Handsome on the 8th.
Sales and operating profit in the third quarter were 294.6 billion won and 31.8 billion won, respectively, up 14% and 41% from the same period last year.
Although sales growth seemed to slow slightly in July due to strengthening distance keeping, it is analyzed that the growth rate has recovered since August.
Daishin Securities said, "September recovered significantly compared to August, and the overall growth rate in the third quarter recorded a high growth rate. It grew 23% in the first quarter and 13% in the second quarter.".
Sales of female characters and casual volume such as Time, Mine, and System showed high growth, while sales of Lanvin Collection and The Casimer brands increased by 30-40%.
"Luxury and imported editing brands also grew significantly, with sales growth by channel reaching 8 percent offline, while online grew 40 percent, showing high growth," Daishin Securities explained.
Daishin Securities said, "The operating profit ratio in the third quarter was 10.7%, up 2.1% points from a year earlier, even though it was off-season due to even growth of online and offline channels.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
