[Featured Stock]"Record-high Results Last Year" BGF Retail Jumps Over 11%

BGF Retail is on an upward trend after recording its highest-ever results last year.

As of 9:25 a.m. on the 11th, BGF Retail was trading at 140,400 won, up 11.25% (14,200 won) from the previous trading day.

In a report released the same day, IBK Investment & Securities said of BGF Retail, "We are seeing the outcomes of the expanded external competitiveness of consolidated subsidiaries," and raised its target price to 190,000 won. It maintained its investment opinion at "Buy."

Among the consolidated subsidiaries, BGF Logis posted an operating profit of 5.2 billion won, up 1.3 billion won from a year earlier, and Humannet recorded 1.2 billion won, an increase of 800 million won. Food recorded 500 million won and Network 3.2 billion won, up 200 million won and 400 million won year-on-year, respectively.

Nam Sung-hyun, an analyst at IBK Investment & Securities, said, "Although the convenience store industry is slowing compared with the past, major subsidiaries have built enhanced competitiveness after growing through internal channels."

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