[Featured Stock] Kangwon Land Rises for Fourth Day... Consecutive Record Highs

[Asia Economy Reporter Song Hwajeong] Kangwon Land has been on the rise for four consecutive days, continuously breaking its 52-week high.

As of 9:53 AM on the 18th, Kangwon Land was trading at 27,150 KRW, up 100 KRW (0.37%) from the previous day. It continued its upward trend for the fourth day, reaching an intraday high of 27,400 KRW, marking a 52-week high.

The strong performance is interpreted as a result of improved business stability due to the extension of the domestic casino monopoly rights. NH Investment & Securities evaluated Kangwon Land, stating that although a 2-3 percentage point margin erosion annually is inevitable due to the change in the calculation method of the mine closure fund to 13% of the casino's total sales, the extension of the domestic casino monopoly rights has improved the business's sustainability and stability. Additionally, as Kangwon Land's sales become increasingly important for securing mine closure funds, there is a valid possibility of easing regulations related to casino sales. Researcher Lee Hwajeong of NH Investment & Securities said, "The extension of the domestic casino monopoly rights until 2045 has increased stability," adding, "With the easing of COVID-19, the effects of increased tables and operating hours will fully materialize, leading to a sharp recovery in sales."

This content was produced with the assistance of AI translation services.