[THE INVESTOR] CJ CGV missed market expectations in the first quarter but its profit will improve going ahead, said HMC Investment Securities on May 23.
Revenue from the domestic market was very low and in overseas market profits declined despite a solid increase in revenue, explained analyst Hwang Seong-jin.
The movie market at home and in China and Turkey is picking up and the fact that the company will be included in KOSPI200 index on June 9 also is favorable, noted the analyst.
By Hwang You-mee (glamazon@heraldcorp.com)