[Featured Stock] CJ CheilJedang, Strong Performance Expectations and Market Share Growth... Up Over 4%

[Asia Economy Reporter Kwon Jae-hee] CJ CheilJedang is showing strong performance in the early trading session on the 22nd, buoyed by expectations of solid third-quarter results and rising market share.

As of 9:53 a.m. on the same day, CJ CheilJedang was trading at 425,000 KRW on the Korea Exchange, up 4.04% from the previous trading day.

Hana Securities stated in a report that it expects CJ CheilJedang's third-quarter earnings to reach 7.5683 trillion KRW in sales and 513 billion KRW in operating profit. This represents increases of 10.4% and 18.4%, respectively, compared to the same period last year.

This outlook is based on continued price increases and rising market share of strategic products, enabling double-digit growth compared to the previous year.

Accordingly, CJ CheilJedang's consolidated sales for this year are estimated at 30.7521 trillion KRW, with operating profit of 2.0082 trillion KRW. These figures represent increases of 4.7% and 12.4%, respectively, compared to the previous year.