CJ CGV target price raised to 6,000 won as Spider-Man 4 fuels box office; Q3 profit seen at 56.4 billion won — “Strong theater performance expected in September”

“KB Securities” raised its target price for “CJ CGV” on the 7th, forecasting strong box-office performance in September while maintaining its “Hold” rating. The target price was raised to 6,000 won from 5,000 won. “CJ CGV” closed at 5,400 won in the previous trading session.

Return of dominant tentpole films and 4DPLEX funding could drive third-quarter earnings surprise

Researcher Choi Yong-hyun highlighted the sharp recovery in theater attendance. CJ CGV’s operating profit in the third quarter is expected to reach 56.4 billion won, up 1.4 times from the same period a year earlier and well above the market consensus.

Analysts say consecutive box-office successes by major blockbusters such as “The Odyssey” and “Spider-Man 4”, combined with the government’s proactive policy support, are generating explosive demand for theaters.

The large-scale fundraising by subsidiary “4DPLEX” is also considered a key driver of the company’s value. The subsidiary plans to secure an investment of 220 billion won from the “National Growth Fund”, which is expected to strengthen its financial health while enabling it to aggressively expand its penetration of global markets.