[Edaily Reporter Kwon Oh Seok ] COSMAX, INC.(192820)’s stock price is surging in early trading. Buying interest appears to be surging following news that the company’s second-quarter revenue and operating profit both reached record highs.

According to MP Doctor on the 12th, as of 9:18 a.m., COSMAX, INC. shares are trading at 247,500 won, up 18.33% from the previous trading day.
The previous day, COSMAX, INC. announced that its consolidated operating profit for the second quarter of this year reached 73.7 billion won, a 21.3% increase compared to the same period last year. Revenue rose 27.5% year-over-year to 794.9 billion won, while net income surged 129.0% to 50.0 billion won. Both revenue and operating profit hit all-time quarterly highs.
Cumulative revenue for the first half of the year reached 1.4769 trillion won, a 21.8% increase year-over-year, while operating profit rose 13.0% to 126.8 billion won. COSMAX, INC. explained that its performance was driven by growth across all subsidiaries—including those in Korea, China, the U.S., and Southeast Asia—fueled by the global popularity of K-Beauty. As a result, the stock closed 13% higher the previous day.
The securities industry is also offering positive outlooks. Today, NH INVESTMENT & SECURITIES released a report analyzing that expectations for COSMAX, INC.’s third-quarter earnings remain valid as the high growth of its Chinese and U.S. subsidiaries continues. The firm raised its target price from 260,000 won to 300,000 won.
Jeong Ji-yoon, an analyst at NH INVESTMENT & SECURITIES, stated, “High export growth rates from July to August are continuing, factors that had been exerting downward pressure on margins at the standalone subsidiary are easing, and expectations for third-quarter earnings remain valid due to the strong growth of the Chinese and U.S. subsidiaries.” She added, “Given the high valuation merits, we recommend buying the stock.”