News / Korea / yonhap_finance
KB Securities Raises CJ CGV Target Price Amid Strong Box Office Outlook
Consumer Services · Movies/Entertainment · yonhap_finance · 2026-09-06
079160
KB Securities has increased its target price for CJ CGV to 6,000 KRW, citing robust theater attendance and a major investment in its 4DPLEX unit.
What Happened
Target Price Hike: KB Securities has raised its target price for CJ CGV from 5,000 KRW to 6,000 KRW, while maintaining a 'Hold' rating. The firm expects Q3 operating profit to reach 56.4 billion KRW, a 40% increase year-over-year.
Box Office Momentum: Strong demand is being driven by successful film releases such as 'Odyssey' and 'Spider-Man 4,' alongside supportive industry policies. Theater attendance is expected to remain strong throughout September.
Capital Infusion: The subsidiary 4DPLEX is set to secure 220 billion KRW in investment from the National Growth Fund. This capital is expected to alleviate financial pressure and accelerate the company's global expansion.
Market Outlook: With a clear recovery in theater attendance, CJ CGV's financial performance is showing signs of improvement. KB Securities adjusted its target price to reflect these positive developments in the exhibition sector.