Kyobo Securities predicted on the 17th that E-Mart's earnings growth will remain valid in the second half of the year. Investment opinion 'buy' and target stock prices remained at KRW 220,000.
E-Mart posted consolidated sales of 5.8598 trillion won and operating profit of 123.2 billion won in the first quarter, exceeding market expectations by 10%.
Kyobo Securities analyzed that “traders continued to grow rapidly, closed an additional seven stores in the first quarter, improving operating losses of 15.8 billion won and no-brand operating profit of 5.7 billion won.”
E-Mart's earnings growth is expected to continue in the second half of the year.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
저작권자 © 인포스탁데일리 무단전재 및 재배포 금지
