Emart Target Price Held as Core Share and Online Results Improve

IBK Investment Securities said on the 14th that Emart’s fundamentals are expected to be driven by an expansion in market share in its core business and improved performance at its online division. The brokerage maintained its previous target price of 120,000 won. According to the report, Emart’s main offline retail business was highlighted for potential share gains, while its online unit drew attention for an improving earnings trend. IBK viewed these two areas as factors that could support the company’s underlying strength. The assessment indicates that competitiveness in Emart’s core business and recovery in online operations remain key variables for investment judgment. Source: mk.co.kr