[Alpha Biz=(Chicago) Reporter Paul Lee] DS Investment & Securities raised CJ's target price from 135,000 won to 140,000 won. This is because expectations are high for Olive Young's explosive growth. The investment opinion maintained the buy-off.

"Olive Young is valued at more than 5 trillion won from the current value of 1.8 trillion won in 2020," said DS Investment & Securities Co. "As the value of Olive Young, whose child Lee Sun-ho is the third-largest shareholder, has increased, Olive Young will be a breakthrough in resolving the high inheritance tax."

The market is looking forward to the merger of CJ and Olive Young or the possibility of a comprehensive stock exchange between CJ and Olive Young. Analysts say that if the exit of Korea H&B Holdings, the second-largest shareholder in the first half of the year, is decided, the visibility of the merger with Olive Young's 100% subsidiary will further increase.

DS Investment & Securities said, "The risk of duplicate listing due to Olive Young IPO will disappear, so it will be positively reflected in CJ stock prices."

DS Investment & Securities said, "Olive Young is expected to grow more than 30% in the fourth quarter, and it will continue to grow more than 30% this year due to strong online sales."

 

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