[Click e-Stock] "Paradise, Performance Improvement Expectations Remain Valid... Target Price Raised"

On July 23, Hanwha Investment & Securities analyzed that expectations for improved performance at Paradise remain valid. The company maintained its 'Buy' investment rating and raised its target price to 24,000 won.

Hanwha Investment & Securities projected that Paradise would post sales of 293.8 billion won and operating profit of 40.6 billion won in the second quarter of this year. Park Sooyoung, a researcher at Hanwha Investment & Securities, said, "Operating profit is expected to exceed the market consensus of 36 billion won," adding, "Improvement in hotel ADR and OCC made a significant contribution to performance, and solid indicators for Japanese guests also contributed to the strong results."

The company also forecast that strong results would continue in the third quarter. She said, "We expect robust performance to continue in the third quarter as well," and emphasized, "For Japanese guests, drop amounts and visitation indicators typically rise temporarily in August due to the Obon holiday. We expect to see the effect of the August Obon holiday in the third quarter of this year as well."

She added, "Although it has not yet been implemented, if the temporary visa-free entry for Chinese tourists is allowed in regions outside Jeju Island, we expect Chinese guest indicators to rise rapidly starting in the third quarter."

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