[Market Focus] Paradise Surges 5.55% on Hopes for Expanded Chinese VIP Business

Paradise's stock price is showing strength as strong performance is expected due to China's National Day and VIP events.

As of 10:15 a.m. on September 3, Paradise was trading at 20,550 won, up 1,080 won (5.55%) from the previous trading day.

On this day, Park Sooyoung, a researcher at Hanwha Investment & Securities, stated, "Strong performance is expected to continue thanks to the National Day in October and VIP events," maintaining a buy rating and a target price of 26,000 won for Paradise.

He explained, "In June, the drop amount from Chinese VIPs at the Walkerhill location increased significantly to 56.9 billion won," adding, "This is interpreted as the result of hosting events for Chinese VIPs at that location. A similar event is scheduled again next month for Chinese VIPs at the Paradise City (P-City) location."

Hana Securities also maintained its buy rating and target price of 25,000 won. Lee Kihun, a researcher at Hana Securities, commented, "Paradise is already achieving record-high results based solely on growth from Japanese and other VIPs, but if Chinese VIPs recover as well, the company could see very rapid growth."