[Featured Stocks] Surge in Online Deliveries Due to COVID-19... Dongbang and Other Courier Stocks Rally

COVID-19 Cases Surpass 1,000... Online Delivery Expansion Expected
Signs of Recovery for Han Express, Taewoong Logistics, CJ Logistics, and Others

[Asia Economy Reporter Minwoo Lee] As the crisis alert level for the novel coronavirus infection (COVID-19) has been raised to the severe stage, online delivery for indoor activities is surging. Consequently, the stock prices of courier and delivery-related companies are showing an upward trend.

According to the Korea Exchange on the 26th, as of 10:20 AM, the stock price of logistics company Dongbang has risen 8.62% compared to the previous day, reaching 2,390 KRW. After hitting a 52-week high of 2,650 KRW on the 24th, it had paused but appears to be rebounding again within a day.

Han Express has also surged recently. On the 24th, it soared to a 52-week high of 7,150 KRW. Although it declined somewhat afterward, as of 10:20 AM on this day, it is trading around 6,000 KRW, about 7% higher than the previous day. Taeung Logics, CJ Daehan Logistics, and other major logistics companies are also expected to rebound in the future. Since the number of COVID-19 patients has exceeded 1,000, avoidance of going out and dining out is becoming more evident, and demand for courier services is expected to increase further.

Meanwhile, according to SSG.com, the company's food sales from the 19th to the 23rd increased by 87% compared to the previous week and by 52.3% compared to the previous month. In particular, sales of ramen and canned goods increased by 175% and 268%, respectively, compared to the previous week. On eBay Korea's Gmarket, sales in the recent week (18th to 24th) also surged compared to the same period last year. Fresh food increased by 100%, processed food by 107%, bottled water and beverages by 71%, and daily necessities by 75%.

This content was produced with the assistance of AI translation services.