As Vaccinations Increase... Resort Stocks Recovering Their Strength

First Dose Vaccination Rate Hits 17.9%... Growing Expectations for Social Distancing Easing
Daemyeong Sono Season and Ananti See Double-Digit Increase from the 25th of Last Month

[Asia Economy Reporter Gong Byung-sun] As vaccination progresses smoothly, resort-related stocks are showing signs of recovery. In particular, the upward trend has steepened since the Korea-US summit, which achieved results such as securing the Janssen vaccine and domestic consignment production of Moderna.

According to the Korea Exchange on the 10th, from the 25th of last month to the day before, Daemyung Sono Season rose 21.58%. Seobu T&D increased by 23.29%, Ananti by 21.72%, and Yongpyong Resort by 14.57%. Daemyung Sono Season also rose 4.64% the day before.

Resort-related stocks suffered last year due to COVID-19. The number of guests significantly decreased as measures restricting movement, such as social distancing, continued. Yongpyong Resort fell 29.08% last year, followed by Ananti (22.40%), Daemyung Sono Season (19%), and Seobu T&D (11.54%) in stock price declines.

However, recently, vaccination acceleration has led to a successful turnaround. As of the 9th, the first-dose vaccination rate recorded 17.9%. The first-dose rate, which was only 2.22% as of April 11, has rapidly increased. Thanks to this, social distancing measures are showing signs of easing, which is interpreted as attracting buying interest in resort-related stocks.

Individual momentum is also an investment point. Daemyung Sono Season has entered the rental sector as a new business. The purpose of this entry is to create synergy by utilizing the members and infrastructure owned by Sono Hotels & Resorts. Kang Kyung-geun, a researcher at NH Investment & Securities, explained, "They are currently conducting rentals mainly for premium mattresses and are expected to expand the product range in the future," adding, "It is important that they have secured new growth engines through the rental business."

Ananti and Yongpyong Resort are currently conducting or planning to conduct new resort and condo sales. Ananti has been selling the premium resort 'Village de Ananti' since last year, highlighting its value as a real estate investment product. Yongpyong Resort's premium condo 'Apolis,' which will be completed at the end of this month, is expected to drive short-term performance momentum.

Seobu T&D is anticipating development permits for the site of the Seobu Truck Terminal in Sinjeong-dong, Seoul, where they plan to create a complex space. On the 17th of last month, Seoul City announced an organizational restructuring plan establishing a logistics policy division. Son Se-hoon, a researcher at NH Investment & Securities, predicted, "Due to the organizational restructuring, the permit process is likely to proceed faster than before."

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