Business · Companies · 2 hrs ago

Shinyoung Securities Raises Kolmar Korea Target Price to 180,000 Won

Shinyoung Securities Raises Kolmar Korea Target Price to 180,000 Won

Shinyoung Securities expects Kolmar Korea to report strong third-quarter results despite problems sourcing packaging containers.

The forecast is an analyst's expectation, not a confirmed result.

The brokerage kept its Buy rating on the company.

It raised its target price from 160,000 won to 180,000 won; Kolmar Korea's previous closing price was 123,100 won.

Shinyoung expects strong customer orders and an easier comparison with last year to support the company's fourth-quarter performance.

It forecasts the highest standalone sales growth rate of the year in that quarter.

The source gives no further details about when Kolmar Korea will report its results.

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