[Market Focus] Robust Earnings Outlook... APR Hits 52-Week High
APR hit a record high on July 11.
As of 1:27 p.m. on this day, APR was trading at 169,900 won, up 9,100 won (5.66%) from the previous trading day.
During the session, the stock rose to 171,900 won, setting a new 52-week high.
![[Market Focus] Robust Earnings Outlook... APR Hits 52-Week High](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
The strong performance is driving the stock price. APR's main businesses are home beauty devices and cosmetics sales.
According to the securities industry, APR is expected to achieve another earnings surprise in the second quarter, following the first quarter. Hana Securities, which has the highest profit estimate, forecasts APR's consolidated sales and operating profit for the second quarter of this year at 300 billion won and 65.7 billion won, respectively, up 93% and 135% year-on-year.
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As of the previous day's closing price, APR's market capitalization stood at 6.4485 trillion won, more than tripling in just over one year and four months since its listing. The company has overtaken LG Household & Health Care (5.154 trillion won), a traditional leader among cosmetics stocks, to become second in the industry, and is closely trailing Amorepacific (7.8088 trillion won).
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