[Click eStock] "Redcap Tour Expected to See Improved Business Environment"

On June 12, Hana Securities analyzed that Redcap Tour is experiencing reduced funding costs due to the base interest rate cut.

Ahn Dohyun, a researcher at Hana Securities, stated, "Redcap Tour sees a rapid decrease in interest expenses when interest rates fall," and explained, "With increasing demand for used car exports, used car prices are expected to remain high for the time being."

He added, "This is an opportune time for rental car companies to expand their businesses," and predicted, "Redcap Tour will continue to focus on profitability-driven operations."

Researcher Ahn analyzed, "This year, the company is expected to achieve its largest-ever operating profit," and noted, "In the first quarter of this year, Redcap Tour sold its short-term rental car business in Jeju Island, generating 5.7 billion KRW in gains from the transfer of business rights." He also emphasized, "Used car sales profits, driven by higher used car prices, are expected to increase by 15% year-on-year," and highlighted, "Operating profit for this year is projected to reach 50 billion KRW, up 16% from last year."

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