April 23, 2024
Stocks & Bonds
[EQUITIES] ‘CJ Logistics looks up in H2’
[THE INVESTOR] CJ Logistics‘ market share will increase and profits will improve in earnest, said Samsung Securities on June 11 maintaining a “buy” recommendation and 180,000 won (US$167.82) target price.
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Amid the sharp growth in mobile shopping, its market share will rise from automation of terminals, and significant increase in minimum wage has justified its price rise, said analyst Kim Yeong-ho.
Acquisition of DSC Logistics in the US will pave its way for entering advanced markets. It will acquire 90 percent stake at US$216 million, a suitable amount considering the growth potential and profitability, and as the US firm is heavy on warehouse management, its technical know-how will create synergies, noted Kim.
By Hwang You-mee (glamazon@heraldcorp.com)
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