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[EQUITIES] ‘CJ O’Shopping to recover in Q3’

[THE INVESTORCJ O Shopping will rebound in the third quarter and continue the upturn in the next quarter, according to Hana Financial Investment on Oct. 14.

The securities firm maintained its target price of 210,000 won (US$185.69), and forecast 25 billion won operating profit in the third quarter, up 19 percent on-year.

“Its volume handled will increase 2.1 percent to 732 billion won, turning to positive growth for the first time in seven quarters,” said Park Jong-dae, an analyst at Hana.

“The mobile channel has been rising, supporting the external growth of CJ O’Shopping,” he added.

By Hwang You-mee (