April 25, 2024
Stocks & Bonds
[EQUITIES] ‘E-mart to expand market dominance’
[THE INVESTOR] E-mart will further strengthen its dominant position in the market, said NH Investment and Securities on March 24, maintaining a “buy” recommendation and 270,000 won (US$240.58) target price.
It has great growth potential as it is expanding its exclusive warehouse and the sales of private brand products Peacock and No Brand are growing noticeably, said analyst Lee Ji-yeong.
The third-generation hypermarket model of E-mart Town is also well received. As the regulations are toughening, the strong performers will further strengthen their grip over the market, noted the analyst.
E-mart’s first quarter performance is solid, according to Lee who recommended investors to continue purchasing its stocks.
By Hwang You-mee (glamazon@heraldcorp.com)
It has great growth potential as it is expanding its exclusive warehouse and the sales of private brand products Peacock and No Brand are growing noticeably, said analyst Lee Ji-yeong.
The third-generation hypermarket model of E-mart Town is also well received. As the regulations are toughening, the strong performers will further strengthen their grip over the market, noted the analyst.
E-mart’s first quarter performance is solid, according to Lee who recommended investors to continue purchasing its stocks.
By Hwang You-mee (glamazon@heraldcorp.com)
