[Click eStock] "Paradise Continues Growth in Q2 This Year"

Daishin Securities forecasted on the 21st that Paradise will achieve results exceeding market expectations in the second quarter of this year as well.

On a consolidated basis, it is estimated that sales will reach 293.2 billion KRW and operating profit will be 48.4 billion KRW in the second quarter of this year. Sales are expected to increase by 6.5% compared to last year, while operating profit is projected to decrease by 10.8%. This is 9% higher than market expectations.

Researcher Im Su-jin of Daishin Securities explained, "Domestic inbound traffic is increasing due to the rise in the number of international flight routes," adding, "Thanks to Japan's Golden Week and China's Labor Day holidays, the hold rate in the second quarter is expected to improve by 1.4 percentage points (p) to 12.7% compared to the previous quarter."

She continued, "The drop amount is expected to increase by 2.9% quarter-on-quarter and 13% year-on-year to 1.78 trillion KRW," and added, "The number of Chinese VIP visitors in the second quarter of this year is expected to grow by 47% year-on-year to 8,000."

Researcher Im analyzed, "Considering the Chinese Labor Day holiday in May, the recovery of Chinese VIPs remains slow," and "growth in Japan and other countries continues following the first quarter."

She stated, "As a result of continuously expanding marketing efforts targeting Japanese VIPs and new markets where strengths exist, stable performance growth is being maintained," and added, "The intensified competition caused by the opening of Inspire, which had been a drag on this year's stock price, remains nonexistent through the second quarter."