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LS Securities: Cosmax Achieves Record Q2 Earnings, Raises Target Price by 40%
🇰🇷 South Korea /Economy & Trade

LS Securities: Cosmax Achieves Record Q2 Earnings, Raises Target Price by 40%

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

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  • LS Securities upgraded its target price for Cosmax by 40% to 350,000 won, citing record second-quarter earnings.
  • The cosmetics ingredient manufacturer achieved its highest-ever quarterly performance due to broad growth across all regions, notably with its US subsidiary turning profitable for the first time.
  • LS Securities maintained a 'Buy' rating on Cosmax, highlighting the significant improvement in the company's earnings quality.

LS Securities has significantly boosted its target price for Cosmax, reflecting the cosmetics ingredient maker's record-breaking performance in the second quarter. The brokerage firm raised its target price by 40%, from 250,000 won to 350,000 won, while maintaining a 'Buy' recommendation.

Cosmax achieved its highest-ever quarterly earnings, driven by robust and balanced growth across all its operating regions. A key highlight was the US subsidiary, which successfully turned profitable for the first time in its history. This achievement marks a significant step up in the quality of Cosmax's earnings growth, according to LS Securities.

LS Securities maintained a 'Buy' rating on Cosmax and raised its target stock price by 40% from 250,000 won to 350,000 won.

— LS SecuritiesThis quote summarizes the core financial recommendation and target price adjustment made by LS Securities regarding Cosmax.

The brokerage's assessment underscores the company's strong market position and effective operational strategies. The broad-based growth indicates resilience and adaptability in diverse markets, while the US subsidiary's profitability signals a successful turnaround and a new phase of expansion for the company.

The US subsidiary successfully turned profitable for the first time in its history, further enhancing the quality of earnings growth.

— LS SecuritiesThis statement highlights a critical achievement for Cosmax's US operations, indicating a significant improvement in the company's overall financial health and performance.
DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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