Sangsangin keeps KRW 170,000 target for Kolmar Korea stock

Published on 10/20/2026 at 01:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sangsangin forecasts KRW 827.2 billion third-quarter revenue on October 19, 2026. Kolmar Korea stock is tied to KRW 87.3 billion projected operating profit.

Analyst view and capacity plans

On October 19, 2026, Sangsangin kept a KRW 170,000 target.
Third-quarter revenue is projected at KRW 827.2 billion, up 21.1 percent year over year.
The Sejong plant is planned to start in July 2027 with 890 million units of annual capacity.

Kolmar Korea, KR7161890009, Illustration mit AI erstellt.

Kolmar Korea (ISIN KR7161890009) retained a KRW 170,000 price target as Sangsangin Investment & Securities projected third-quarter 2026 revenue of KRW 827.2 billion, up 21.1 percent year over year. According to Edaily on October 19, 2026, the securities firm maintained its Buy rating and KRW 170,000 target while forecasting operating profit of KRW 87.3 billion, up 49.7 percent.

Forecast points to stronger demand

The latest analyst view puts domestic operations at the center of the earnings case. Sangsangin projected stand-alone revenue to rise 35 percent year over year, while North American revenue was expected to grow 130 percent as new clients contribute.

The forecast also identifies specific pressure points. China revenue was projected to decline 7 percent because of weaker orders and exchange-rate pressure, while packaging supply issues at some clients could shift deferred sales into the fourth quarter.

What does capacity mean for growth?

Kolmar Korea's expansion plan supplies the longer-term answer. The company is expected to begin operating its new Sejong plant in July 2027, with annual capacity of 890 million cosmetic units, according to Asiae on October 18, 2026. The plant produces sunscreen and skincare products and gives the company additional capacity for global customers.

Three target changes set the timeline

The recent analyst chronology is clear: Edaily reported on October 6, 2026 that Korea Investment & Securities raised its target from KRW 160,000 to KRW 185,000; Asiae reported on October 14, 2026 that Hyundai Motor Securities raised its target from KRW 170,000 to KRW 185,000; and Sangsangin set its KRW 170,000 target on October 19, 2026.

Upcoming capacity milestones

The next dated milestones are July 2027 for the Sejong plant launch and the second half of 2027 for the broader capacity expansion described by Sangsangin. These dates matter because the current forecasts already assume continued order growth while overseas operations develop.

Market context and company facts

Kolmar Korea is listed on the Korea Exchange's KOSPI market under ticker 161890. Its second-quarter 2026 revenue was KRW 861 billion, up 17.8 percent year over year, while operating profit reached KRW 110 billion, according to ATS View.

The company therefore enters the next reporting cycle with two different signals: analysts expect strong third-quarter growth, but China and packaging supply remain identifiable constraints. Capacity additions in 2027 are the main bridge between the current forecast and the longer-term expansion case.