[Click eStock] "Jieosoft, Corporate Value Rises with Oasis Growth"

[Asia Economy Reporter Hyungsoo Park] SK Securities forecasted on the 9th that the corporate value of Jieosoft will increase due to the growth of Oasis Market. Jieosoft holds a 79.4% stake in the fresh food distributor Oasis, and approximately 90% of its consolidated sales last year were related to Oasis.

Oasis Market surpassed daily online sales of 100 million KRW in March last year. At the end of June last year, it relocated and expanded to the Seongnam logistics center, increasing the daily delivery capacity from the previous 7,000 orders to a maximum of 30,000 orders. Currently, the average daily delivery volume is 8,000 orders, and the average daily sales amount is recorded at 300 to 400 million KRW.

Chansol Park, a researcher at SK Securities, analyzed, "Last year, the offline to online sales ratio was 2 to 1, but it is expected to reverse this year," adding, "Oasis online monthly sales grew from about 3 billion KRW in June last year to 5.5 billion KRW in December last year."

He continued, "It is estimated that Oasis Market's online sales in the first quarter of this year reached 24 billion KRW, a 500.0% increase compared to the same period last year," and added, "Currently, 90% of orders are repeat purchases, showing high customer loyalty."

He predicted, "With the new operation of a side dish factory starting this month, the sales growth trend is expected to continue," and "The first quarter performance will serve as an opportunity to confirm the possibility of corporate value increase."

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