[Click eStock] "Redcap Tour, Dividend Increase Expected"

Hana Securities analyzed on the 24th that considering Redcap Tour's stable growth and profitability, its stock price level is not burdensome.

Andohyun, a researcher at Hana Securities, introduced, "Redcap Tour is a company providing B2B rental car and business trip services," and added, "It has been maintaining solid growth."

He continued, "Last year, the rental car division's sales are estimated to have grown by 7% to 320 billion KRW, and the travel division increased by 8% to 43 billion KRW," explaining, "The rental car division continues to show stable performance and profitability." Additionally, he noted, "The travel division is showing a slowdown in growth due to weak demand for client business trips and events."

Researcher Ahn emphasized, "This year, net profit margin is expected to maintain 6% due to reduced financial costs from interest rate cuts."

He analyzed, "Redcap Tour approved the conversion of capital reserves to retained earnings at an extraordinary shareholders' meeting in December last year," adding, "This secured 48 billion KRW as a tax-exempt dividend source." He further expected, "Last year's dividend amount is anticipated to be at least 500 KRW per share, reflecting increased net profit and dividend resources," and projected "a semi-annual dividend of 150 KRW and a year-end dividend of over 350 KRW."

Researcher Ahn forecasted, "the dividend yield will be over 5%," and predicted, "since the dividend record date is expected to be in March this year, it will act as a stock price momentum for the time being."