[Featured Stock] CJ Rises 3% on Expectations of Improved Performance at Unlisted Subsidiary

CJ's stock price is on the rise. Expectations that the performance of unlisted subsidiaries such as CJ Olive Young will improve seem to be influencing the stock price.

As of 9:35 a.m. on the 11th, CJ is trading at 132,300 won, up 3.76% from the previous trading day.

Jangwon Kim, a researcher at BNK Investment & Securities, said, "CJ Olive Young is continuing not only quantitative growth but also qualitative improvement. It dominates the domestic beauty and care market by operating offline stores mainly as directly managed stores, and with online sales accounting for less than 30%, there is ample room for expansion. Operational efficiency will lead to continued profit improvement." He added, "CJ Foodville, which is improving its performance through high growth in global bakery and domestic business growth, plans to strengthen its profit base by expanding franchise stores in the North American market."

Furthermore, Researcher Kim added, "Restoring dividends, which CJ Olive Young had reduced ahead of the possibility of a change in the second-largest shareholder, to their original level is an investment momentum that will draw more attention to CJ."