[Featured Stock] Jieosoft, Oasis Q1 Sales Grow 500%... Growth Continues Post-COVID

[Asia Economy Reporter Hyungsoo Park] The stock price of GeoSoft is soaring. It appears that a securities firm's analysis report predicting an increase in corporate value due to the growth of Oasis Market has influenced the stock price.

At 11:23 AM on the 9th, GeoSoft was trading at 10,250 KRW, up 15.17% from the previous day.

GeoSoft holds a 79.4% stake in the fresh food distributor Oasis, and about 90% of its consolidated sales last year were related to Oasis.

Oasis Market surpassed 100 million KRW in daily online sales 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 7,000 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."

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 recorded as repurchases, showing high customer loyalty."

He forecasted, "With the new side dish factory starting operations this month, the sales growth trend is expected to continue," and predicted, "The first quarter performance will serve as an opportunity to confirm the potential for an increase in corporate value."

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