Kolmar Korea Target Raised as Korean Unit Posts Record Quarterly Result

Yuanta Securities raised its target price for Kolmar Korea after assessing that the company’s Korean corporation posted its largest quarterly performance since its founding. The view centers on confirmed improvement in Kolmar Korea’s quarterly results. According to the original report, Yuanta judged that the domestic unit delivered the strongest quarterly outcome in the company’s history. Reflecting that earnings trend, the brokerage lifted its target price, while investors are expected to watch whether the performance continues and how it may be reflected in the share price. Source: hankyung.com