Samsung Securities has maintained its buy rating for Cheil Worldwide, expecting the company to outperform its peers despite a delayed recovery in the industry. The target stock price remains at 23,500 KRW. Cheil Worldwide is predicted to increase its first-quarter operating profit by 7% year-on-year to 58.3 billion KRW, and its annual operating profit is expected to rise by 9.8% to 352 billion KRW. The company’s growth is attributed to the acquisition of new domestic and international advertisers and its pursuit of small to medium-sized local mergers and acquisitions in key markets.
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Auto-posted at: 2025-03-28 09:04:09