CJ Logistics Jumps 9% on Strong Earnings and Eased Early-Morning Delivery Rules [Focus Stock]

CJ Logistics shares surged on expectations of strong earnings and deregulation of large discount store operations.

As of 9:25 a.m. on the 11th, CJ Logistics was trading at 149,300 won, up 12,600 won (9.22%) from the previous trading day.

CJ Logistics announced the previous day that, on a consolidated basis, its sales in the fourth quarter of last year were 3.1771 trillion won and operating profit was 159.6 billion won. Both sales and operating profit marked record quarterly highs.

In addition, the easing of regulations on early-morning delivery by large discount stores appears to have acted as a positive factor. Lee Seoyeon, a researcher at SangSangIn Securities, said, "If the bill is actually passed, it is expected that the market share landscape in the e-commerce market could be reshuffled, and CJ Logistics, which counts NAVER and Shinsegae among its major clients, is also expected to benefit," adding, "Based on the seven-day-a-week delivery service that CJ Logistics has been implementing since last year, the company is continuing to strengthen its market share dominance in the parcel delivery market."

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