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

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 3Q25, CJ Logistics posted revenue of W3.07tr (+3.1% YoY). Contract logistics revenue grew 12.1% YoY, driven by revenue from new warehousing &amp; distribution (W&amp;D) contract wins (+9% YoY) and lock-in effects from large-scale third-party logistics (3PL) contracts.</li><li>The port &amp; delivery (P&amp;D) segment also saw robust growth (+15% YoY) thanks to new customer acquisitions arising from digital transformation.</li><li>In the parcel delivery unit (O-NE), revenue grew 7.4% YoY on a 5.2% YoY increase in overall volume (+58% YoY for e-commerce volume). </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 3Q25, CJ Logistics posted revenue of W3.07tr (+3.1% YoY). Contract logistics revenue grew 12.1% YoY, driven by revenue from new warehousing &amp; distribution (W&amp;D) contract wins (+9% YoY) and lock-in effects from large-scale third-party logistics (3PL) contracts.The port &amp; delivery (P&amp;D) segment also saw robust growth (+15% YoY) thanks to new customer acquisitions arising from digital transformation.In the parcel delivery unit (O-NE), revenue grew 7.4% YoY on a 5.2% YoY increase in overall volume (+58% YoY for e-commerce volume). 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)Outstanding Cost Competitiveness