[Infostock Daily= Reporter An Hoe Hyun] SK Securities expects CJ Logistics Corporation to perform well in the third quarter. This is because sales in the delivery business are solid due to the benefits of the new corona virus infection(Covid-19), and the Chuseok special is expected to have a positive effect. The fact that facility investment is expected to be implemented in response to e-commerce growth in the future will also accelerate growth.
As a result, the investment opinion 'Buy' and the target stock price remained at 210,000 won, respectively.
"Both sales and operating profit will grow fairly steadily as the global is fully normalized while the growth of the delivery division with the benefits of the Covid-19 is still visible this quarter," the company explained.
SK Securities forecast sales of CJ Logistics Corporation at 2.9048 trillion won and operating profit at 96.9 billion won in the third quarter. The figure is up 10.8% and 9.3%, respectively, from a year earlier.
Reporter An Hoe Hyun ahh@infostock.co.kr