▶주메뉴 바로가기

▶본문 바로가기

The Korea Herald
검색폼

THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘CJ E&M clears M&A uncertainties’

  • PUBLISHED :June 21, 2018 - 11:08
  • UPDATED :June 21, 2018 - 11:08
  • 폰트작게
  • 폰트크게
  • facebook
  • sms
  • print

[THE INVESTOR] CJ E&M has confirmed its merger with CJ O’Shopping and uncertainties have been eliminated, said eBEST Investment and Securities on June 21, maintaining a “buy” recommendation and 120,000 won (US$108.19) target price.




A media giant with over 5 trillion won total market value will be born on July 1, and its stock price, free from the discount factor, will rebound reflecting the fundamentals. Besides synergies created by the merger, it will secure up to 900 billion won annual EBITDA letting it invest aggressively in contents. CJ E&M will accelerate its strategy to expand its dominance in drama, movies and music in the Asia-Pacific region, said analyst Kim Hyeon-yong.

Factoring in that its profit will grow approximately 10 percent this year, its stock price may rise 33 percent over the current level, he added.

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

EDITOR'S PICKS