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CJ CGV, international business promotion is inevitable for a while - Kiwoom

[Miningmx.com sinyujin News] Kiwoom Securities on the 27th CJ CGV (079160) (32,000 원 0 0.00%) for the grossing movie in the second quarter on sales of the strong and looked, but foreign business sector slump longer than expected to lead judge said.

Maintain this target price of 36,000 won, but the market rate of return from investment exceeds the number of comments (Outperform) was downgraded to.

Gimseonha analyst "K-IFRS standard second-quarter sales and operating profit 16.2% and 57.8% respectively year-on-year increments were consistent with expectations," said "3D released as Kung Fu Panda Pirates of the Caribbean 4 and 2, according to box office two pronounced benefit minute ticket prices, "he said.

"The third quarter is also expected to continue strong sales," said "3D show with a screened transformer 3, Block 7, quick, gojijeon, active promotion of domestic films serve as the sales growth is the key," he predicted.

However, he "Equity loss of affiliates 65.3 trillion won compared to 48.4 trillion won in the first quarter loss width has expanded," he said.

"The Chinese Theater No. 4 to 7 grand-than-expected loss of equity investments in Hong Kong Holdings, a direct investment in China was big CGV Theater Shop No. 1 to 3 of the equity interests in the mere 3.7 trillion won did not meet expectations," said .

Followed by "loss of international business sector is inevitable for the time being," said "long-term business growth in China and Vietnam, but due to the aggressive opening lead for the time being, shall be deemed compromised revenue," he said.