E-Mart, Continues to expand its market share in the online food market(Mirae Asset Daewoo)

[Infostock Daily= Reporter An Hoe Hyun] Mirae Asset Daewoo on the 24th suggested a target stock price of 190,000 won for E-Mart, saying its market share in the online food market will continue to rise. Investment opinions remained 'BUY'.

"The online and food markets are expected to grow 16.7% and 24% next year, respectively, from this year," the company explained.

"With the improvement of EPS due to the rebound in the discount store industry and the continued stable growth of SSG.COM, it is possible to justify the valuation," the company said, adding, "The online food market and the increase in the overall M/S in the market can be expected to increase the valuation," the company also explained.

The company added, "It is also good news that there are no negative factors for the discount store industry or E-Mart for the time being."

Reporter An Hoe Hyun ahh@infostock.co.kr