[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.

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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."

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