On the 28th, Hana Financial Investment maintained its investment opinion on Interojo, saying, "High growth by country is expected not only in Korea but also in overseas markets.". The target price was 41,200 won and started coverage.
"Interozo is a powerhouse of color lenses that has become a beauty item," Hana Financial Investment said. "It is the first company in the world to develop silicon hydrogel color lenses with new technology, and the stock price needs to be revalued as it is expected to grow both at home and abroad.".
Based on color lenses and silicon hydrogel lenses, the company will continue to grow rapidly this year.
In particular, with the signing of a contract to supply hydrogel color lenses with new customer company ASIA Network (Asia Network), Japanese sales are expected to reach 32.2 billion won this year, up 14.5% from last year.
During the same period, domestic sales are also estimated to rise 36.2% to KRW 36.7 billion as sales of silicon hydrogel products increased.
In addition, sales in Europe are expected to rise 55.8% to KRW 26.3 billion due to a rise in penetration to the European market, where silicon hydrogels account for a high proportion.
"Sales and operating profit this year are expected to increase 39.3 percent and 98.0 percent from the previous year to 122.9 billion won and 29.9 billion won, respectively," Hana Financial Investment said. "We expect high growth of color lenses, which have become a beauty item due to the prolonged wearing of masks brought by COVID-19.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
