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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘CJ CheilJedang to satisfy Q4 earnings estimate’

  • PUBLISHED :January 04, 2018 - 10:03
  • UPDATED :January 04, 2018 - 10:03
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[THE INVESTOR] CJ CheilJedang’s operating profit in the fourth quarter of last year will meet market consensus, said Kiwoom Securities on Jan. 4, maintaining a “buy” recommendation and 500,000 won (US$468.78). 




Its operating profit on a consolidated basis will rise 33 percent on-year to 208 billion won, and excluding that of CJ Korea Express, will rise 43 percent to 147.6 billion won, said analyst Park Sang-jun.

Despite the lagging recovery of raw resources, strong food and bio sectors will bolster earnings, said the analyst. The strong won will also be favorable, in that it will boost the spread of materials from the first quarter and ease concerns over foreign currency-related nonoperation loss. 

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

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