[Featured stocks] Cosmetics stocks are strong due to counter-buying... Dalba Global rose 6%

(Seoul = Yonhap News) Reporter Kwak Yoon-ah = Cosmetic stocks such as Dalba Global [483650] and APR [278470] are generally showing strong performance in the early trading on the 16th.

As of 9:25 am on this day, Dalba Global is trading at 169,500 won in the stock market, up 6.81% from the previous day.

Cosmetics stocks are rising overall, including APR (7.72%), Korea Cosmetics Manufacturing [003350] (4.55%), and Cosmax [192820] (3.17%).

The cosmetics industry is booming thanks to solid exports, but the third quarter performance forecast has been revised downward due to the recent strong won, and stock prices have been sluggish.

However, on this day, the stock price appears to be rebounding due to the influx of low-price buyers due to the recent stock price adjustment.

Many stock market analysts say that the fundamentals of the cosmetics industry are solid.

Park Jong-dae, a researcher at Hana Securities, said that although there was a change in the third quarter performance due to the exchange rate, he evaluated this as temporary and said, "Except for this, the performance of most companies is better than originally expected."

He added, “Global K-beauty demand is still very strong,” adding, “The decline in the exchange rate does not change the direction of the industry, and it is too early to talk about a peak in the stock price.”