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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] On the 12th, Kiwoom Securities forecasted that Manyo Factory is expected to continue its revenue growth, driven by its overseas channels. However, they did not provide a target price or investment recommendation.
Kiwoom Securities stated that domestic sales are likely to keep growing due to the company’s re-entry into the Coupang channel and continued strong performance at multi-brand shops (MBS). They also expect revenue growth from expanded overseas channels.
For the US market, Kiwoom Securities anticipates steady exports to major channels such as Amazon and Ulta Beauty. In Japan, they expect slight growth, with the effects of increased discount competition in online sales channels being offset by growth in offline channels.
Kiwoom Securities estimates that Manyo Factory’s revenue for the third quarter of this year will increase by 23% year-over-year to 32.7 billion won, with operating profit rising by 8% to 5.1 billion won. They project a 17% increase in domestic sales and a 28% increase in overseas sales.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
