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| CJ대한통운 사옥 (사진 = CJ대한통운) |
[Alpha Biz=(Chicago) Reporter Paul Lee] Shinhan Investment & Securities listed CJ Korea Express as a beneficiary of China's e-commerce entry into Korea on the 5th. This is because CJ Logistics' market share is increasing due to increased domestic sales of China's e-commerce.
The investment opinion of CJ Korea Express was 'buy' and the target price was 181,000 won. Considering that CJ Logistics' closing price on the previous day was KRW 124,000, the stock price could rise 46%.
"CJ Korea Express' parcel delivery volume will grow 5% this year and exceed 4% in the delivery market," said Shinhan Investment & Securities Co. "The company's market share will increase due to increased sales of Chinese e-commerce in Korea." CJ Korea Express is in charge of domestic delivery in partnership with Ali Express subsidiary.
It is explained that Ali Express is more likely to bring more supplies from other e-commerce that used to use Coupang and its rival courier companies at low prices.
Alphabiz Reporter Kim SangJin(hoondork1977@alphabiz.co.kr)
