On the 12th, securities firms are consecutively raising their target prices for Kolmar Korea, a company specializing in the manufacturing and development of ultraviolet (UV) blockers. This decision is based on the expectation that Kolmar Korea will continue its robust performance growth ahead of the summer peak season. The previous trading day's closing price for Kolmar Korea was 83,600 won.

Kolmar Korea CI

Kolmar Korea announced on the 9th that it had revenue of 653.1 billion won and operating profit of 59.9 billion won for the first quarter (January to March) of this year. These figures are up 14% and 85%, respectively, compared to the same period last year, exceeding market expectations of 50 billion won.

Han Yoo-jung, a researcher at Hanwha Investment & Securities, noted, "The strong performance in major countries resulted in a surprise earnings report," and added, "Despite the seasonal off-peak period in the first quarter, significant impacts came from the expansion of market share in the global sun care market and the increase in exports of Korean brands."

She continued, "Starting from the second quarter (April to June), we enter the peak season," stating, "Kolmar Korea is securing a competitive edge in the global sun care market through its multinational production and export base." She then raised the target price from 100,000 won to 110,000 won.

On that day, NH Investment & Securities (92,000 won → 110,000 won), Samsung Securities (79,000 won → 99,000 won), MERITZ Securities (90,000 won → 106,000 won), and Shinhan Investment & Securities (80,000 won → 103,000 won) also raised their expectations for Kolmar Korea.

Jeong Han-sol, a researcher at DAISHIN SECURITIES, analyzed, "Although valuation pressure exists due to recent stock price increases, additional performance is possible considering the seasonal demand for new products and momentum in the U.S." He further stated, "The U.S. factory 2 is scheduled to operate in June, and it has been found that inquiries for U.S. production have surged after the U.S. tariff policy, with discussions underway with over 100 brands."