[Click eStock] "Kangwon Land, Mid-to-Long-Term Growth Potential Still Valid"

NH Investment & Securities analyzed on the 18th that although Kangwon Land's second-quarter earnings are expected to fall short of consensus, its mid- to long-term growth potential remains valid.

Researcher Ihwa Jeong of NH Investment & Securities stated in a report on the same day, "Domestic leisure demand continues to be concentrated on overseas travel, and thus casino demand recovery remains distant," adding, "From January to May this year, outbound domestic tourism was only 65% compared to the same period in 2019, indicating that it will take time to recover to pre-COVID levels."

Researcher Ihwa Jeong explained, "Although slow earnings are inevitable, the current stock price sufficiently reflects these concerns," and noted, "Kangwon Land's expected price-to-earnings ratio (PER) for this year is 14 times, which is at the historical lower bound of the band chart."

He forecasted, "Once the concentration of domestic leisure demand on overseas travel stabilizes, visitor demand will eventually recover," and added, "In the mid- to long-term, additional external growth based on expanded operations is also possible. For reference, the total sales cap exceeds 1.7 trillion won."

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