External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives.

External broker reports(aggregated public sources)

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

Equity Bottom-Up

<ul><li>For 4Q25, CJ Logistics reported revenue of W3.18tr (+0.5% YoY).</li><li>Despite continued weakness in global forwarding, revenue grew on improving parcel delivery (O-NE) volumes and full-scale recognition of contract logistics revenue.</li><li>Operating profit came in at W159.6bn, beating the consensus of W150.7bn. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

For 4Q25, CJ Logistics reported revenue of W3.18tr (+0.5% YoY).Despite continued weakness in global forwarding, revenue grew on improving parcel delivery (O-NE) volumes and full-scale recognition of contract logistics revenue.Operating profit came in at W159.6bn, beating the consensus of W150.7bn. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CJ Logistics (000120 KS/Buy)Market Share Recovery Accelerating