Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Ador CEO denies allegations, accuses Hybe of mistreating NewJeans

    Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
  2. 2

    [Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'

    [Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
  3. 3

    Nicaragua shuts down Seoul embassy

    Nicaragua shuts down Seoul embassy
  4. 4

    Medical reform committee kicks off despite boycott from doctors

    Medical reform committee kicks off despite boycott from doctors
  5. 5

    10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification

    10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
  1. 6

    Rocket engine expert, ex-NASA exec to lead Korea's new space agency

    Rocket engine expert, ex-NASA exec to lead Korea's new space agency
  2. 7

    SK hynix pledges W20tr to ramp up DRAM production at home

    SK hynix pledges W20tr to ramp up DRAM production at home
  3. 8

    Over 9,000 hotline calls made by stalking victims in 2023

    Over 9,000 hotline calls made by stalking victims in 2023
  4. 9

    DP leader says he will meet Yoon without conditions

    DP leader says he will meet Yoon without conditions
  5. 10

    [Hello India] Hyundai Motor vows to boost 'clean mobility' in India

    [Hello India] Hyundai Motor vows to boost 'clean mobility' in India
지나쌤

[EQUITIES] Etude, Innisfree’s strong performance to keep AmorePacific Group momentum

By 황유미

Published : Oct. 20, 2016 - 10:03

    • Link copied

[THE INVESTOR] AmorePacific Group will maintain a steady growth momentum as Innisfree continues to thrive and Etude’s both sales and profit leap, according to NH Investment and Securities on Oct. 20. It maintained a “buy” recommendation and projected a 207,000 won (US$184.76) target price, up from 190,000 won.

The beauty giant’s third-quarter revenue will hike 26.4 percent to 1.70 trillion won, and its operating profit 48.8 percent to 280.2 billion won, from the same period last year, forecast Han Guk-heui, an analyst at NH.

Innisfree flagship store in Myongdong Seoul Innisfree flagship store in Myongdong Seoul


“AmorePacific’s growth rate will slow down in duty-free sales but the strong performance of Innisfree and Etude will offset the burden and the group will maintain a stable trend,” said Han.

The group’s portfolio is in line with recent trends of active spending in makeup products, explained the analyst, adding that the earnings share of Innisfree and Etude will increase to 70 percent, from 23 percent, of the flagship brand AmorePacific.

By Hwang You-mee (glamazon@heraldcorp.com)

More from Headlines