[THE INVESTOR] CJ Korea Express
’ margin continues to deteriorate, said Mirae Asset Daewoo on Nov. 9, lowering the target price to 200,000 won (US$179.52) from 230,000 won.
Its third-quarter revenue rose 25.7 percent on-year to 1.87 trillion won and operating profit by 3.8 percent to 62.6 billion won, missing market expectations, said analyst Ryu Je-hyeon.
The analyst maintained a “buy” recommendation, though, saying that it still has long-term competitiveness and is likely to expand overseas.
By Hwang You-mee (firstname.lastname@example.org