Kyobo maintains KRW 310,000 target for d'Alba Global stock

Published on 10/20/2026 at 03:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue is forecast at KRW 165.0 billion, up 45.00 percent year over year. d'Alba Global stock targets KRW 310,000.

Profitability and global expansion

Kyobo Securities kept a KRW 310,000 target for d'Alba Global on October 19, 2026.
Third-quarter revenue was forecast at KRW 165.0 billion, up 45.00 percent year over year.
U.S. Costco distribution was expected to expand from 450 stores to 650 stores.

d'Alba Global, KR7483650008, Illustration mit AI erstellt.

d'Alba Global (ISIN KR7483650008) had a KRW 310,000 price target maintained by Kyobo Securities on October 19, 2026, alongside a forecast for higher profitability, according to Chosun. The analyst house kept its Buy opinion while citing foreign-exchange pressure and cost efficiency as opposing forces.

What does the margin forecast mean?

Kyobo Securities forecast third-quarter consolidated revenue of KRW 165.0 billion and operating profit of KRW 32.1 billion. The revenue estimate represented growth of 45.00 percent from the prior year, while operating profit was forecast to rise 93.00 percent and the operating margin to reach 19.40 percent, up 4.80 percentage points, according to Chosun. That combination puts profitability ahead of the sales trend in the analyst case.

The forecast also points to a wider overseas base. Overseas sales were projected to increase 72.00 percent to KRW 126.3 billion, while U.S. Costco distribution was expected to expand from 450 stores to 650 stores. Sales at Boots in the United Kingdom began in September 2026, adding another dated channel development to the international expansion story, according to Chosun.

Three milestones frame the update

On August 14, 2026, d'Alba Global listed its 2026 second-quarter results conference call in its investor materials. On August 18, 2026, the company posted its 2026 second-quarter investor-relations book. On October 19, 2026, Kyobo Securities maintained the KRW 310,000 target while forecasting third-quarter revenue of KRW 165.0 billion, with the chronology supported by d'Alba Global and Chosun.

Global distribution is the next test

The operating case depends on converting broader distribution into profitable repeat demand. Kyobo Securities said North American sales faced exchange-rate and comparison effects, but linked the margin outlook to lower-cost channels, business-to-business expansion and delayed foreign-currency hedging effects, according to Chosun. For investors, the key comparison is therefore operating profit growth of 93.00 percent against revenue growth of 45.00 percent in the third-quarter forecast.

d'Alba Global is a premium vegan skincare company built around its d'Alba brand and white-truffle ingredients. Its corporate history records a KOSPI listing in May 2025, while the company describes international expansion through the United States, Japan, Russia and other markets on its investor-relations site.