[Click eStock] "Hana Tour, Continued Growth in Package Products... Strong Performance Expected This Year"

Daishin Securities analyzed on the 17th that Hana Tour is expected to show performance growth this year as the growth of package products continues. They newly issued a buy rating and a target price of 80,000 KRW.

Daishin Securities forecasted that Hana Tour's sales and operating profit this year will reach 577.6 billion KRW and 75.4 billion KRW, respectively, representing increases of 40.3% and 119.5% compared to the previous year. Researcher Im Sujin of Daishin Securities explained, "We expect results to exceed consensus," adding, "Operating profit this year is expected to break the all-time high."

In particular, package demand is expected to be high this year. He said, "While overseas travel demand in the first quarter sharply increased by about 15% compared to the previous quarter, Hana Tour's package demand grew by 30% compared to the previous quarter, showing faster growth than the market." He added, "The number of package travelers sent this year is expected to recover 78% compared to 2019."

He emphasized, "Steady growth of Southeast Asia and Japan package products will continue, and this year, with the increase in flight routes, the recovery of China and Europe is also expected to accelerate," adding, "Through strengthening sales channels by enhancing the mobile app and expanding bundled products, the growth trend of the number of travelers sent is highly likely to continue until next year."