External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

External broker reports(aggregated public sources)

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Equity Bottom-Up

Amorepacific Corporation / Equity Bottom-Up

<ul>
<li>Laneige and Innisfree continue to lead top-line growth in Western markets</li>
<li>Chinese entity in final stages of restructuring, raising expectations for a profit turnaround in 2H25</li>
<li>AmorePacific’s subsidiary COSRX growth expected to stabilize rather than to surge explosively</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


Laneige and Innisfree continue to lead top-line growth in Western markets
Chinese entity in final stages of restructuring, raising expectations for a profit turnaround in 2H25
AmorePacific’s subsidiary COSRX growth expected to stabilize rather than to surge explosively

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

AmorePacific (090430 KS): Performance in China to Improve, Despite COSRX Slowing

South Korea

Amorepacific Corp. develops, manufactures, and exports skin care, make-up, and fragrance products. The Company also produces and markets personal care and health-related products, such as shampoos, soaps, toothpastes, and health teas.

Amorepacific Corporation (Preferred) (090435 KS)

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AmorePacific (090430 KS): Performance in China to Improve, Despite COSRX Slowing

Laneige and Innisfree continue to lead top-line growth in Western markets. Chinese entity in final stages of restructuring, raising expectations...

Daishin Securities