Despite a challenging business environment, Heungkuk Securities has raised its target price for E-Mart to 100,000 won and upgraded its investment rating to ‘buy’. This follows E-Mart’s better-than-expected Q1 performance with consolidated sales of 7.2 trillion won and operating income of 159.3 billion won, largely due to improvements in its discount stores and Traders division, as well as its subsidiaries. Heungkuk Securities expects this positive trend to continue throughout the year, predicting annual consolidated sales of 29.3 trillion won and operating income of 466.7 billion won.
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Auto-posted at: 2025-05-14 09:01:00