[Market Focus] GS P&L Surges for Second Day on Earnings Growth Expectations

GS P&L has continued its strong upward trend for the second consecutive day.

As of 9:37 a.m. on September 4, GS P&L was trading at 54,100 won on the Korea Exchange, up 4,100 won (8.20%) from the previous day. During the session, the price rose to 54,800 won, marking the highest level since its listing on December 23 of last year.

The surge in share price is believed to be driven by expectations for earnings growth. Seo Hyunjung, a researcher at Hana Securities, stated, "With the hotel industry experiencing structural prosperity due to increased demand and limited supply, GS P&L's unrivaled location and scale in Seoul (the largest in Gangnam among five-star hotels), along with the effects of its renovation, are expected to sharply accelerate its earnings momentum."

Hana Securities projected GS P&L's operating profit for the third quarter of this year to reach 26.7 billion won, a 24% increase compared to the same period last year. The company also forecasted operating profit to rise by 53% to 130.5 billion won in 2026, and by 13% to 147.8 billion won in 2027.

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