[Click eStock] "Lotte Tour Development, Record High Visitors in July... Q3 Expected to Exceed Expectations"

Daishin Securities forecasted on the 22nd that Lotte Tour Development will show a better-than-expected strong performance in the third quarter of this year.

Im Su-jin, a researcher at Daishin Securities, explained in a report on the same day, "The trend in the third quarter is showing a better-than-expected strong flow," adding, "The total number of flights per week for direct flights to Jeju increased significantly from 159 in June to 187 in July, recording a meaningful growth in casino visitors."

Researcher Im said, "The number of visitors in July reached a record high of 34,000," and predicted, "The casino, hotel, and travel sectors will all continue their performance growth until October."

He added, "With the Chuseok holiday in September and the Chinese National Day holiday in October scheduled, both sales and operating profit are expected to break all-time records in the third quarter," and "At the end of November, refinancing that has been awaited for a year is planned, and an improvement in financial costs is expected due to a decrease in interest rates."

He anticipated, "Along with the better-than-expected performance trend, the domestic and international benchmark interest rate cuts are also strengthening, so successful refinancing is expected this year."

He continued, "Recently, the Chinese government has been intensifying crackdowns on Macau junket sanctions and illegal foreign exchange, contrary to expectations," and analyzed, "Also, due to the downturn in the Chinese real estate market, the recovery of VIP customers is slow, resulting in a sluggish stock price trend."

He noted, "However, unlike competitors where VIP accounts for more than 70%, Lotte Tour Development has about 90% MASS customers, so the related impact is relatively minor," and concluded, "Positive performance growth is expected to continue in the second half of the year, and with refinancing expected to reduce financial costs, it is an attractive buying opportunity."

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