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The Korea Herald
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THE INVESTOR
March 28, 2024

Stocks & Bonds

[EQUITIES] ‘E-mart remains solid regardless of China pull-out’

  • PUBLISHED :April 25, 2017 - 16:00
  • UPDATED :April 25, 2017 - 16:00
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[THE INVESTOR] E-mart has decided to pull out of China but maintains a solid business in Korea, said Eugene Investment and Securities on April 25, maintaining a “buy” recommendation and 270,000 won (US$239.88) target price. 




The hypermarket chain has continued to suffer from losses in China even after selling 12 branches, and operating profit in 2016 reached 21.6 billion won, said analyst Ju Yeong-hun. It must have concluded that it was difficult to secure a foothold in the market saturated by local operators, but will sustain its overseas business in Southeast Asia, said the analyst. 

In Korea, E-mart is reorganizing its assets, closing down underperforming branches and unused sites, and its discount store sector’s profitability will improve, pointed out Ju. 

By Hwang You-mee (glamazon@heraldcorp.com)

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