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Paradise City (photo=paradise) |
[Alpha Biz= Reporter Kim Minyoung] Hyundai Motor Securities predicted on the 5th that Paradise's sales will grow rapidly in the first quarter. The target price was 21,000 won, and the investment opinion 'buy' was maintained.
Hyundai Motor Securities Co. forecast Paradise's first-quarter sales to rise 42.3 percent on-year to 272.5 billion won and operating profit to 28.8 billion won, up 51.6 percent from a year earlier.
The high growth in sales is attributable to casinos' 36.8% year-on-year drop and 55.4% year-on-year increase in sales.
Hyundai Motor Securities predicted that "investment demand is expected to remain steady as it holds a solid No. 1 position in the growing front market."
"The demand for VIP in China has recovered to more than 70% before the new COVID-19, raising expectations for a full recovery, and the hotel sector has also seen its sales rise by about 30% compared to before COVID-19, which continues to contribute to profit growth," said Hyundai Motor Securities Co.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
