[EQUITIES] ‘CJ E&M needs to be reevaluated’
Its stakes in Studio Dragon and Netmarble Games are worth 4.7 trillion won but CJ E&M’s current total market value is 3.5 trillion won, said analyst Yang Seung-woo.
Its own business also is worthy, ranging from cable channels, television show and movie production to music and performance, and the current discount is disproportionate, pointed out the analyst.
It will post solid earnings from all the sectors in the first quarter and its merger with CJ O’Shopping will alleviate its burden of valuation, he added.
By Hwang You-mee (glamazon@heraldcorp.com)
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