[Featured Stock] Jieosoft, Oasis Fresh Food Growth 'Steady'... "Target Price 18,500 Won"

Jieosoft is on the rise. It appears that the analysis by securities firms, which highlights the steady growth of Oasis, a fresh food delivery company accounted for on a consolidated basis, has had an impact.

As of 9:23 AM on the 30th, Jieosoft was trading at 10,550 KRW, up 900 KRW (9.33%) from the previous trading day.

Jieosoft's major subsidiaries include Oasis, an agricultural and marine products distribution company (with a 55.3% stake), and Route, a fulfillment service company (with a 76.9% stake). Based on consolidated performance, Oasis accounts for about 95% of Jieosoft's sales proportion.

Park Chansol, a researcher at SK Securities, said, "Oasis is a company that has grown in the fiercely competitive e-commerce market without proper advertising," and added, "Competition in the e-commerce market has eased, and there is an opportunity to increase the number of members."

SK Securities expects Jieosoft's sales and operating profit this year to reach 561.5 billion KRW and 31 billion KRW, respectively.

He emphasized, "The expected upside for Jieosoft's stock price in 2024 is 92%," and added, "Although we are going through a difficult economic phase, Jieosoft's profit margin is expected to increase further in the future."