[Market Highlight] Performance Improvement Continues... Emart Rises 3.58%

The stock price of Emart is on the rise, reflecting an improving performance trend.

As of 10:02 a.m. on November 12, Emart was trading at 79,650 won, up 2,750 won (3.58%) from the previous trading day.

Emart's consolidated operating profit for the third quarter was 151.4 billion won, up 36% year-on-year and in line with the market consensus. During the same period, same-store sales growth for discount stores and Traders was -5.2% and -3.6%, respectively, but both rebounded over the past month, growing by 15.6% and 19.2%.

On this day, Kiwoom Securities maintained its "Buy" rating and target price of 120,000 won for Emart, stating that "the overall performance improvement trend will continue."

Park Sangjun, a researcher at Kiwoom Securities, said, "Despite negative factors such as the exclusion of Emart from the use of livelihood recovery consumption coupons and the timing difference of Chuseok in the third quarter, the results were relatively solid. In October, same-store sales growth rebounded sharply, benefiting from the positive impact of the Chuseok timing difference, while robust domestic consumption and the spillover effect from Homeplus store closures are expanding."

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