[Click-e Stock] "Lotte Tour Development, Growth Expected During Jeju Peak Tourism Season"

On March 11, DS Investment & Securities raised its target price for Lotte Tour Development to 33,000 won, reflecting expectations for growth during the peak tourism season in Jeju. The investment opinion was maintained as 'Buy'.

Jo Daehyung, a researcher at DS Investment & Securities, stated, "Even last month, which is typically the off-season for tourism in Jeju, casino revenue continued its year-over-year growth, marking the twelfth consecutive month of such an increase." He added, "The number of monthly visitors also increased by 25.2% to 43,914, continuing the growth trend. With the peak tourism season in Jeju approaching, it is time to raise expectations for further growth."

There was overall optimism for inbound stocks last month, which included the Chinese Lunar New Year, but some opinions noted that Lotte Tour Development's performance did not fully meet these expectations. However, considering that the early part of the Lunar New Year typically sees significant travel within China, Jo advised that more attention should be paid to March, when Jeju enters its peak tourism season and a rebound is expected. In fact, the number of visitors to Jeju Dream Tower has reportedly been on the rise since the end of last month.

Jo further commented, "Given that Baccarat Day, which takes place every other month, is scheduled for this month, it is likely that net sales will once again surpass 40 billion won from this month onward." He added, "Currently, there are about 170 tables, and there are plans under consideration to increase this to just above 200."

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