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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘E-mart’s earnings to improve’

  • PUBLISHED :June 21, 2017 - 15:48
  • UPDATED :June 21, 2017 - 15:48
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[THE INVESTOR] E-mart’s earnings will improve and debt will shrink in the second quarter, said Mirae Asset Daewoo on June 21, maintaining a “buy” recommendation and raising the target price to 275,000 won (US$240.64). 




Its revenue and operating profit will reach 3.80 trillion won and 65 billion won, up 10.0 percent and 38.2 percent on-year, respectively, estimated analyst Lee Jun-gi. All divisions will post solid profit growth as the rival company’s aggressive promotion campaign has ended and revenue from discount stores has returned to normal, said the analyst. 

Lee cited the slight decline in net debt as a reason for the target price raise, adding that its stock price was not influenced by Amazon’s Whole Foods. 

In the short term, its stocks could fluctuate due to strict regulations, pulling out of China and closing down additional discount stores at home, but the possibility of reinforcement is low and the remaining two will be favorable, according to the analyst. 

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

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