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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘Discount store unit boosts Lotte Shopping’

  • PUBLISHED :May 25, 2017 - 16:28
  • UPDATED :May 25, 2017 - 16:28
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[THE INVESTOR] Lotte Shopping will be reevaluated as its discount store chain Lotte Mart improves its performance, said Korea Investment and Securities on May 25, maintaining a “buy” recommendation and 340,000 won (US$304.52) target price. 


Lotte Mart struggled last year from the slow market and rival E-mart’s aggressive product development, but could turn to black this year, according to analyst Yeo Yeong-sang. Its revenue in the second quarter will rise 4.8 percent on-year, forecast the analyst. 

Lotte Mart is likely to maintain the upward trend throughout the year and if it turns to black despite the low expectations, it will bolster Lotte Shopping’s corporate value, added Yeo.

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

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