[Featured Stock] Expectations for "Online Expansion"... CJ Freshway Rises Over 3%

CJ Freshway's share price is rising on expectations that the acquisition of a stake in Marketboro will expand its online platform.

As of 10:37 a.m. on the 23rd, CJ Freshway was trading at 35,000 won, up 1,200 won (3.55%) from the previous trading day.

On the 5th, CJ Freshway announced in a regulatory filing that it would acquire 1,657 shares of Marketboro, representing a 27.5% stake. Once the acquisition is completed, its stake is expected to rise to 55%, giving it management control.

On this day, IBK Investment & Securities maintained its "Buy" investment rating on CJ Freshway and its target price of 48,000 won.

Nam Sung-hyun, an analyst at IBK Investment & Securities, said, "The acquisition of a stake in Marketboro lays the groundwork for increasing market share by expanding the online platform," adding, "It has three major implications: sustainable growth through enhanced market penetration, attracting business operators to the online domain by building an ecosystem, and entering new business areas."

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