External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 3Q25, Cosmecca Korea posted revenue of W182.4bn (+44% YoY) and operating profit of W27.2bn (+79% YoY), significantly beating market expectations thanks to strong orders from indie beauty brands in both Korea and the US.</li><li>In Korea, the company reported revenue of W129.8bn (+57% YoY) and operating profit of W14.5bn (+21% YoY; OP margin of 11.2%).</li><li>Growth was fueled by large-volume orders from a fast-growing indie beauty brand that has recently surged in popularity on TikTok Shop. </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>

For 3Q25, Cosmecca Korea posted revenue of W182.4bn (+44% YoY) and operating profit of W27.2bn (+79% YoY), significantly beating market expectations thanks to strong orders from indie beauty brands in both Korea and the US.In Korea, the company reported revenue of W129.8bn (+57% YoY) and operating profit of W14.5bn (+21% YoY; OP margin of 11.2%).Growth was fueled by large-volume orders from a fast-growing indie beauty brand that has recently surged in popularity on TikTok Shop. 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.

Cosmecca Korea (241710 KQ/Buy)Consecutive Earnings Surprises Should Bolster Confidence