April 19, 2024

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[THE INVESTOR] Cheil Worldwide has doubled the year-end dividends and this signifies that its profits have improved and stabilized, said eBEST Investment and Securities on Dec. 21, raising the target price to 26,000 won (US$24.11) from 23,000 won.

The dividend per share will be between 600 won and 700 won, more than double that of 300 won last year, estimated analyst Kim Hyeon-yong, underlining that the advertising company will actively maintain shareholder-friendly policy from 2018. 

Its fourth-quarter gross margin will rise 6.1 percent on-year to 295.9 billion won and operating profit by 8.8 percent to 59.3 billion won, a record-high, as in addition to being a high season, China and North American markets are recovering significantly, said the analyst. 

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