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Hanwha Investment & Securities Raises Cosmax Price Target Amid Strong Growth
Consumer Non-Durables · Household/Personal Care · yonhap_finance · 2026-08-20
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Hanwha Investment & Securities has raised its price target for Cosmax to 300,000 KRW, citing the company's first-ever profit in the U.S. and robust global orders.
What Happened
Earnings Outlook: Hanwha Investment & Securities has upgraded its price target for Cosmax to 300,000 KRW, citing sustained growth momentum for the second half of the year. The company reported a second-quarter operating profit of 73.7 billion KRW, a 21% increase year-on-year, surpassing market expectations.
U.S. Operations Turnaround: A significant highlight was the U.S. division, which achieved record quarterly revenue and its first-ever operating profit since inception. Analysts view this as a clear sign that long-term restructuring efforts have successfully transitioned the business into a profitable growth phase.
Global Order Expansion: The domestic Korean division is also seeing strong growth driven by increased orders from multinational corporations and European indie brands. The diversification of orders across various regions and product categories is bolstering the sustainability of the company's performance.
Future Growth Prospects: Analysts project that Cosmax's consolidated operating profit for the second half of the year will reach 126.2 billion KRW, a 51% increase compared to the same period last year. Improved operating margins, supported by higher production volumes, are expected to further enhance profitability.