CJ CGV, China · 4DX will lead this year's earnings - one geumtu

[Korea hyerin nine financial newspaper reporter] One Financial CJ ​​CGV investment for three days, said China and the 4DX would be led to improved earnings this year. This recommendation is made BUY, TP maintains 12 million.

Hwangseungtaek is a Fellow of the securities 'performance improved this year is expected to lead China and 4DX' said, 'Korea, Turkey, Vietnam, earnings are expected to improve slightly' he said.

China is evaluated that despite the disappointing box office performance last year, driving the 3 and 4 wire connection is 3-40% earnings growth target of site.

Huang researchers' If the number of cities sunscreen 1,2 per 1 million people is unlike other than 3,4-tier cities have high growth potential in 2017 to around 18 three, four lines in the near saturation levels inside and outside the center 40 the continued expansion of new sites and explained that earnings forecast to a higher-than-market growth. "

In addition, the 'Last year, a special tube (IMAX, 3D) of that act to the base effect on earnings over the ATP viscosity increase that box-office performance is poor, saying,' Performance operating profit of 29 billion to 82 billion won sales in 2016 of 4DX after a successful turnaround in 2017 also said the movie screen Number of service increases and the increase (expected around 150 pieces) expected to achieve operating profit of 120 billion won on revenue guidance of W120bn.

It also mentioned the impact of China Saad place. Huang researchers' has had a domestic Saad place relevant regulations for the domestic content of China, etc. is obviously impact on investor sentiment and the supply of related domestic enterprises' said, he said 'look that lovable uncertainty, the market is even more confusing in a larger point.

However, site contracts or regulations or boycott the overly negative as such need is not visible on film distribution is not explained looks.

He 'outlook even greater rise in the share price at the time of expected to eliminate concerns as valid for the earnings' said, adding that "a gradual price decline during Overweight seems to be valid.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com