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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] In the third quarter of this year, the National Pension Service (NPS) made moves in the cosmetics Original Development Manufacturing (ODM) sector by selling shares of Cosmax and C&C International, while increasing its stake in Kolmar Korea and Cosmecca Korea.
According to financial disclosures on the 10th, the NPS sold 138,142 shares of Cosmax and 145,727 shares of C&C International between July 1 and September 30. This reduced the NPS's stake in the two companies to 11.08% (from 12.29%) and 7.08% (from 8.54%), respectively.
Conversely, during the same period, the NPS bought 96,428 shares of Kolmar Korea and 204,033 shares of Cosmecca Korea, raising its stake in these companies to 11.72% and 11.94%, respectively—up by 0.41 and 1.92 percentage points.
Thanks to the NPS's interest, Kolmar Korea's stock price rose by 4.49%, and Cosmecca Korea's by 8.64% during the third quarter. Meanwhile, Cosmax and C&C International saw their stock prices plummet by 24.97% and 30.58%, respectively.
Foreign investors followed a similar pattern, with net purchases of Kolmar Korea shares worth 66.1 billion won and Cosmecca Korea shares worth 1.95 billion won in Q3, while selling off 30 billion won worth of Cosmax shares. The key difference was that while the NPS sold C&C International shares, foreign investors were buying them.
Analysts believe the NPS's decisions were based on company performance. Financial data provider FnGuide projects that Kolmar Korea will post third-quarter sales of 622.7 billion won and an operating profit of 57.1 billion won, reflecting year-on-year growth of 20.58% and 84.19%, respectively, boosted by strong demand for UV protection products and solid performance from its affiliates.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
