[Featured Stock] Interpark Surges Over 8% on Expected Sharp Increase in Travel Demand
[Asia Economy Reporter Park Jihwan] Interpark is showing strength as expectations for travel demand increase with the rise in COVID-19 vaccination rates.
This is interpreted as a forecast that, starting with vaccinations, the number of confirmed cases will decrease, and as social distancing is eased, pent-up consumer demand will explosively emerge.
As of 10:27 AM on the 2nd, Interpark is trading at 6,290 KRW, up 8.82% from the previous trading day. It has shown an upward trend on all but one of the last eight trading days, recording nearly a 30% increase during this period.
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Oh Kangho, a researcher at Shinhan Financial Investment, said, "Last year, industries in contact sectors such as entertainment, leisure, and travel experienced difficult times due to COVID-19," and added, "Starting with vaccinations, when quarantine is lifted and confirmed cases decrease, pent-up consumer demand will explosively emerge."
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