Kolmar Korea Shares Seen Undervalued as KB Securities Raises Target

KB Securities raised its target price for Kolmar Korea on the 11th, saying the company posted first-quarter earnings that exceeded market expectations. According to a report by Lee Min-young of Yonhap News Agency in Seoul, KB Securities assessed that Kolmar Korea’s share price is "cheap relative to its growth potential." The key basis for the view was the strong first-quarter performance. With results coming in above expectations, the brokerage said the current stock price appears undervalued compared with the company’s growth profile. The target-price increase is understood as reflecting both improved earnings momentum and valuation appeal. The report did not provide a specific target-price figure or additional forecasts. Source: yna.co.kr