Daishin Securities predicted the biggest performance ever for Paradise this year

Kim Minyoung

kimmy@alphabiz.co.kr | 2024-04-17 07:51:26

 

[Alpha Biz= Reporter Kim Minyoung] Daishin Securities began its research and analysis on Paradise on the 17th, offering an investment opinion purchase and a target stock price of 19,000 won. Contrary to concerns, it is expected that this year's performance will be the highest ever.

Daishin Securities explained, "Despite the solid recovery, stock prices are still sluggish because China's VIP recovery is slower than expected and concerns over intensifying competition due to the opening of the Inspire casino in the first quarter of this year."

Daishin Securities said, "Unlike concerns, the impact of Inspire in the first quarter was limited, and from a long-term perspective, positive effects such as industry expansion are expected."

"The recovery of Japan's VIP will remain solid, and its performance will continue to improve due to the recovery of China's MASS and China's VIP starting in the third quarter," Daishin Securities said.

Daishin Securities predicted, "Paradise's sales in 2024 will increase 13% year-on-year to 1.127 trillion won and operating profit will increase 16% to 169 billion won."

 

 

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