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THE INVESTOR

Stocks & Bonds

[EQUITIES] ‘CJ E&M will rebound from Q4’

  • PUBLISHED :November 09, 2017 - 14:41
  • UPDATED :November 09, 2017 - 14:41
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[THE INVESTOR] CJ E&M will begin to show earnings improvement from the fourth quarter, said NH Investment and Securities on Nov. 9, raising the target price to 110,000 won (US$98.81) from 100,000 won.


Its third-quarter operating profit came in at 12.7 billion won, below the estimated 17.3 billion won, but analyst An Jae-min remained positive on its earnings prospects saying that the broadcasting advertising industry will recover. 

Its revenue in the fourth quarter will rise 13.6 percent on-year to 555.5 billion won and operating profit will spike 1390 percent to 28.1 billion won, estimated the analyst. As diplomatic tensions between China and Korea ease, anticipations are rising for content export to China, added An maintaining a “buy” recommendation. 

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



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