{"id":44679,"date":"2026-04-15T06:03:40","date_gmt":"2026-04-15T06:03:40","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%b0%95%ed%95%9c-%eb%a7%88%ec%a7%84%ec%97%90%eb%8f%84-%eb%b6%88%ea%b5%ac%ed%95%98%ea%b3%a0-cencora%eb%8a%94-%ea%be%b8%ec%a4%80%ed%95%9c-%ec%84%b1%ec%9e%a5%ec%84%b8%eb%a5%bc-%ec%9d%b4%ec%96%b4\/"},"modified":"2026-04-15T06:03:40","modified_gmt":"2026-04-15T06:03:40","slug":"%eb%b0%95%ed%95%9c-%eb%a7%88%ec%a7%84%ec%97%90%eb%8f%84-%eb%b6%88%ea%b5%ac%ed%95%98%ea%b3%a0-cencora%eb%8a%94-%ea%be%b8%ec%a4%80%ed%95%9c-%ec%84%b1%ec%9e%a5%ec%84%b8%eb%a5%bc-%ec%9d%b4%ec%96%b4","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%b0%95%ed%95%9c-%eb%a7%88%ec%a7%84%ec%97%90%eb%8f%84-%eb%b6%88%ea%b5%ac%ed%95%98%ea%b3%a0-cencora%eb%8a%94-%ea%be%b8%ec%a4%80%ed%95%9c-%ec%84%b1%ec%9e%a5%ec%84%b8%eb%a5%bc-%ec%9d%b4%ec%96%b4\/","title":{"rendered":"\ubc15\ud55c \ub9c8\uc9c4\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 Cencora\ub294 \uafb8\uc900\ud55c \uc131\uc7a5\uc138\ub97c \uc774\uc5b4\uac00\uba70, \ud654\ub824\ud568\uc774\ub098 \uadf9\uc801\uc778 \uc2a4\ud1a0\ub9ac\ud154\ub9c1\uc744 \ud53c\ud558\ub294 \ud0d3\uc5d0 \ud22c\uc790\uc790\ub4e4\uc758 \uc8fc\ubaa9\uc744 \uc880\ucc98\ub7fc \ubc1b\uc9c0 \ubabb\ud55c\ub2e4"},"content":{"rendered":"<p>\uc13c\ucf54\ub77c(Cencora)\ub294 \ubbf8\uad6d\uc758 \uc758\uc57d\ud488 \uc720\ud1b5\uc5c5\uccb4\ub85c, **\ub300\ub7c9 \ucde8\uae09\u00b7\uc800\ub9c8\uc9c4**(\ubb3c\ub7c9\uc73c\ub85c \uc774\uc775\uc744 \ub0b4\ub294 \uad6c\uc870) \ubaa8\ub378\uc744 \uae30\ubc18\uc73c\ub85c **\ube0c\ub79c\ub4dc \uc758\uc57d\ud488(\uc624\ub9ac\uc9c0\ub110 \uc57d)**, **\uc81c\ub124\ub9ad(\ud2b9\ud5c8\uac00 \ub05d\ub09c \ubcf5\uc81c\uc57d)**, **\uc8fc\uc0ac\uc81c**, **\uc77c\ubc18\uc758\uc57d\ud488(\ucc98\ubc29\uc804 \uc5c6\uc774 \uc0b4 \uc218 \uc788\ub294 \uc57d)**\uc744 \uc720\ud1b5\ud55c\ub2e4. 2025\ub144 \ub9e4\ucd9c\uc740 **3,210\uc5b5 \ub2ec\ub7ec**\uc600\uace0, **\ucf5c\ub4dc\uccb4\uc778(\uc800\uc628 \uc0c1\ud0dc\ub97c \uc720\uc9c0\ud574 \uc6b4\uc1a1\u00b7\ubcf4\uad00\ud558\ub294 \uccb4\uacc4)** \ud2b9\uc218 \ubb3c\ub958\uc2dc\uc124\uc744 \ud3ec\ud568\ud574 \uc804 \uc138\uacc4 **\uc784\uc9c1\uc6d0 5\ub9cc1,000\uba85** \ub124\ud2b8\uc6cc\ud06c\ub85c \uc218\ub9cc \uacf3\uc758 \uc758\ub8cc \uc81c\uacf5\uc790(\ubcd1\uc6d0\u00b7\uc57d\uad6d \ub4f1)\ub97c \uc9c0\uc6d0\ud588\ub2e4.<\/p>\n<p>\ub9e4\ucd9c\uc740 \uc804\ub144 \ub300\ube44 **7.5%** \uc131\uc7a5\ud588\uace0, \ucd5c\uadfc 5\ub144 \ud3c9\uade0 \uc131\uc7a5\ub960\uc740 **11%**\uc600\ub2e4. \uc2dc\uc7a5 \uc804\ub9dd\uc740 2026\ub144\uacfc 2027\ub144\uc5d0\ub3c4 \uc131\uc7a5\uc774 \uc774\uc5b4\uc9c8 \uac83\uc73c\ub85c \ubcf8\ub2e4. \uc774\uc775\uc740 \ubcc0\ub3d9\uc131\uc774 \ub354 \ucef8\uc9c0\ub9cc \ud751\uc790\ub97c \uc720\uc9c0\ud588\uc73c\uba70, \ucd5c\uadfc 4\uac1c \ubd84\uae30 \uc5f0\uc18d\uc73c\ub85c \uc2dc\uc7a5 \uc608\uc0c1\uce58\ub97c \uc0c1\ud68c\ud588\ub2e4. \ud5a5\ud6c4 4\uac1c \ubd84\uae30 \uc2e4\uc801\ub3c4 \uc99d\uac00\uac00 \uc608\uc0c1\ub41c\ub2e4.<\/p>\n<p>\uc13c\ucf54\ub77c\ub294 \uc7a5\uae30 \uacf5\uae09 \uacc4\uc57d\uc744 \ubcf4\uc720\ud558\uace0 \uc788\ub2e4. \uadf8\uc911 \uc6d4\uadf8\ub9b0 \ubd80\uce20 \uc5bc\ub77c\uc774\uc5b8\uc2a4(Walgreens Boots Alliance)\uc640\uc758 **\uc218\uc2ed\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8 \uacc4\uc57d**\uc740 2025\ub144 \ub9e4\ucd9c\uc758 \uc57d **24%**\ub97c \ucc28\uc9c0\ud588\uc73c\uba70 **2029\ub144\uae4c\uc9c0** \uc774\uc5b4\uc9c4\ub2e4. 2026\ud68c\uacc4\uc5f0\ub3c4 1\ubd84\uae30(Q1)\uc5d0\ub294 \uc6d0\uc628\ucf5c\ub85c\uc9c0(OneOncology) \uc778\uc218\ub97c \uc644\ub8cc\ud588\ub2e4.<\/p>\n<p>\uc774\ubc88 \uac70\ub798 \uc774\ud6c4 \ud68c\uc0ac\ub294 **\uc870\uc815 \uc601\uc5c5\uc774\uc775(adjusted operating income: \uc77c\ud68c\uc131 \ube44\uc6a9\u00b7\ud68c\uacc4\uc0c1 \ud2b9\uc774 \ud56d\ubaa9\uc744 \uc81c\uc678\ud574 \ubcf8\uc5c5 \uc218\uc775\uc131\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)** \uac00\uc774\ub358\uc2a4\ub97c **8%~10%\uc5d0\uc11c 11.5%~13.5%\ub85c** \uc0c1\ud5a5\ud588\ub2e4. Q1\uc5d0\uc11c \ubbf8\uad6d \ud5ec\uc2a4\ucf00\uc5b4 \uc194\ub8e8\uc158(US Healthcare Solutions) \ubd80\ubb38 \ub9e4\ucd9c\uc774 **5% \uc99d\uac00**\ud55c \uc810\ub3c4 \uac00\uc774\ub358\uc2a4 \uc0c1\ud5a5\uc744 \ub4b7\ubc1b\uce68\ud588\ub2e4.<\/p>\n<p>2026\ub144 4\uc6d4 13\uc77c \uae30\uc900 \uc2dc\uadf8\ub9c8\ub178\ubbf9\uc2a4(Sigmanomics) \ub300\uc2dc\ubcf4\ub4dc\ub294 7\uc77c\u00b714\uc77c\u00b728\uc77c \uc804\ub9dd \ubaa8\ub450\uc5d0\uc11c **\uc57d\uc138(\ud558\ub77d) \ucabd \uac70\ub798 \uc6b0\uc704**\ub97c \ubcf4\uc5ec\uc92c\ub2e4.<\/p>\n<p>\uc13c\ucf54\ub77c\ub294 \uc7a5\uae30 \ud380\ub354\uba58\ud138(\uae30\ucd08 \uccb4\ub825)\uc740 \uac15\ud558\uc9c0\ub9cc, \ub2e8\uae30 \uc804\ub9dd\uc740 \uc57d\ud55c \uc804\ud615\uc801 \uad6c\ub3c4\ub2e4. 2025\ub144 \ub9e4\ucd9c\uc774 3,210\uc5b5 \ub2ec\ub7ec\ub97c \ub118\ub294 \ub4f1 \ub9e4\ucd9c \uc131\uc7a5 \ud750\ub984\uc740 \uc77c\uad00\ub418\uace0 2026\ub144 \uac00\uc774\ub358\uc2a4\ub3c4 \uc0c1\ud5a5\ub410\uc9c0\ub9cc, \uc8fc\uac00\ub294 \ub450 \uc790\ub9bf\uc218 \ud558\ub77d\uc744 \uacaa\uc5c8\uace0 4\uc6d4 \ub9d0~5\uc6d4 \ucd08 \ub2e8\uae30 \uc804\ub9dd\uc740 \uc57d\uc138\ub2e4.<\/p>\n<p>\uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c\ub294 COR \uc8fc\uc2dd\uc744 \u2018\ud558\ub77d \uc2dc \ub9e4\uc218(\ubc14\uc774 \ub354 \ub525)\u2019\ud558\uac70\ub098 \ucf5c\uc635\uc158(\uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud558\ub294 \uc635\uc158)\uc744 \ub9e4\uc218\ud558\ub294 \ud310\ub2e8\uc774 \ube60\ub97c \uc218 \uc788\ub2e4. \ud5a5\ud6c4 \uba87 \uc8fc\uac04\uc758 \uc57d\uc138 \uc2ec\ub9ac\ub97c \uac10\uc548\ud558\uba74 \ub2e8\uae30 \ubc18\ub4f1\uc774 \ub098\ud0c0\ub098\ub354\ub77c\ub3c4 \ud798\uc774 \uc57d\ud558\uac70\ub098 \uc2e4\ud328\ud560 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \ub530\ub77c\uc11c \uc8fc\uac00\uac00 **\ud6a1\ubcf4**\ud558\uac70\ub098 **\ucd94\uac00 \ud558\ub77d**\ud560 \ub54c \uc720\ub9ac\ud55c \uc804\ub7b5\uc744 \uac80\ud1a0\ud560 \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n<p>\uc774 \uac19\uc740 \uc2e0\uc911\ub860\uc740 COR \uc635\uc158\uc758 **\ub0b4\uc7ac\ubcc0\ub3d9\uc131(implied volatility: \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc2dc\uc7a5\uc758 \uc608\uc0c1 \ubcc0\ub3d9\ud3ed)**\uc774 \ucd5c\uadfc **2\uc6d4 \uc800\uc810 23%\uc5d0\uc11c 29%\ub85c \uc0c1\uc2b9**\ud588\ub2e4\ub294 \uc810\uc5d0\uc11c\ub3c4 \ud655\uc778\ub41c\ub2e4. \uc774\ub294 \uc2dc\uc7a5\uc774 \ubd88\ud655\uc2e4\uc131\uacfc \uac00\uaca9 \ubcc0\ub3d9 \uac00\ub2a5\uc131\uc744 \ub354 \ud06c\uac8c \ubc18\uc601\ud558\uace0 \uc788\uc74c\uc744 \ub73b\ud55c\ub2e4. \uc81c\uc57d \uc720\ud1b5 \uc5c5\uc885\uc758 \ubd88\uc548 \uc2ec\ub9ac\ub294 \ub2e4\uc74c \ub2ec\ub85c \uc608\uc0c1\ub418\ub294 **\uc5f0\ubc29 \uc815\ubd80\uc758 \uc758\uc57d\ud488 \uad6c\ub9e4 \ud504\ub85c\uadf8\ub7a8 \uad00\ub828 \uc0c8 \uc9c0\uce68**\uc744 \uc55e\ub450\uace0 \ucee4\uc9c4 \uce21\uba74\uc774 \uc788\ub2e4.<\/p>\n<p>\ud5a5\ud6c4 \uba87 \uc8fc \uc2e4\ubb34\uc801 \uc811\uadfc\uc73c\ub85c\ub294 5\uc6d4 \ub610\ub294 6\uc6d4 \ub9cc\uae30\uc758 **\uc678\uac00\uaca9(out-of-the-money: \ud604\uc7ac \uc8fc\uac00\ubcf4\ub2e4 \ubd88\ub9ac\ud55c \ud589\uc0ac\uac00\uaca9) \ucf5c \uc2a4\ud504\ub808\ub4dc \ub9e4\ub3c4**\ub97c \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc774\ub294 \ub2e8\uae30\uc801\uc73c\ub85c \uc8fc\uac00\uac00 \uc704\ub85c \ud06c\uac8c \ub3cc\ud30c\ud558\uc9c0 \ubabb\ud560 \uac83\uc774\ub77c\ub294 \ud310\ub2e8\uc5d0\uc11c **\ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \ub9e4\ub3c4 \ub300\uac00)**\uc744 \ud655\ubcf4\ud558\ub294 \uc804\ub7b5\uc774\ub2e4. \ubcc0\ub3d9\uc131\uc774 \ub192\uc544\uc9c4 \uad6c\uac04\uc744 \ud65c\uc6a9\ud558\uba74\uc11c, \uba85\ud655\ud55c \uac15\uc138 \uc2e0\ud638\uac00 \ub098\uc62c \ub54c\uae4c\uc9c0 \uae30\ub2e4\ub9ac\ub294 \ubc29\uc2dd\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018\ub9e4\ucd9c 3,210\uc5b5\ub2ec\ub7ec\u2019 \uc13c\ucf54\ub77c, \uc720\ud1b5 \ud380\ub354\uba58\ud138\u00b7\uac00\uc774\ub358\uc2a4 \uc0c1\ud5a5\uc5d0\ub3c4 \ub2e8\uae30\ub294 \uc57d\uc138 \uc6b0\uc704. \uc6d4\uadf8\ub9b0 \uacc4\uc57d 24%\u00b7IV 29%\ub85c \ubd88\ud655\uc2e4\uc131 \ud655\ub300\u2026\ubc14\uc774\ub354\ub525 \ub300\uc2e0 OTM \ucf5c\uc2a4\ud504\ub808\ub4dc \ub9e4\ub3c4 \uac80\ud1a0.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-44679","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=44679"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44679\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}