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 1Q26, we expect CJ Logistics to report revenue of W3.16tr, up 5.8% YoY.</li><li>The parcel delivery business likely led growth, with volume expanding approximately 12% YoY on stronger business from major customers (e.g., NAVER) and a shift away from Coupang.</li><li>However, ASP likely declined 3% YoY due to an unfavorable mix and other factors. </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 1Q26, we expect CJ Logistics to report revenue of W3.16tr, up 5.8% YoY.The parcel delivery business likely led growth, with volume expanding approximately 12% YoY on stronger business from major customers (e.g., NAVER) and a shift away from Coupang.However, ASP likely declined 3% YoY due to an unfavorable mix and other factors. 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ロジスティクス（000120 KS/買い推奨）市場シェア回復が続く