[Featured Stock] CJ's Unlisted Subsidiary Growth, Up 4.53%
The stock price of CJ, whose growth of unlisted affiliates such as CJ Olive Young is attracting attention, rose on the 4th.
![[Featured Stock] CJ's Unlisted Subsidiary Growth, Up 4.53%](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
As of 11:12 a.m. that day, CJ was traded at 106,100 won, up 4,600 won (4.53%) from the previous trading day. During the session, it was also traded at 107,000 won, up 5.42% per share.
On the same day, Kim Jang-won, a researcher at BNK Investment & Securities, explained, "With the expansion of K-beauty awareness and channel diversification, CJ Olive Young's strong performance is expected to continue. The global bakery business, centered on the United States, is also maintaining its growth trend. Unlike CJ Olive Young, CJ Foodville operates under a franchise system and is increasing the number of overseas stores."
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He added, "CJ Olive Young, freed from the pressure of stock listing due to the sale of shares by financial investors, is expected to focus its capabilities on restoring shareholder returns and enhancing corporate value."
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