On the 8th, the share price of d'Alba Global hit a new yearly high. Analysts at securities firms interpreted that the recovery in demand for premium products has improved buying sentiment, expecting record quarterly results.
As of 9:30 a.m. on the 8th, d'Alba Global is trading at 207,500 won, up 12,400 won (6.36%) from the previous trading day in the Korea Securities Market. The stock reached a new yearly high, trading at 210,500 won early in the day.
Park Eun-jeong, a researcher at Hana Securities, predicted that d'Alba Global would achieve its highest quarterly performance in the second quarter of this year (April to June). She raised the target price from 170,000 won to 290,000 won.
The researcher said, "The first half appears to be experiencing growth primarily through online channels in most regions, and in the second half, the expansion into offline markets in key regions will continue the upward trend. "
Kim Myung-joo, a researcher at Korea Investment Securities, also noted, "Considering that the demand for premium products is recovering due to the income growth of Generation Z, d'Alba's performance and stock price will continue to trend upwards," raising the target price for d'Alba Global by 27.8% to 230,000 won.
He added, "Currently, we are in talks to enter global offline distribution channels, and there is a high possibility that significant sales will start in the third quarter."