SK Securities noted on the 16th that PARADISE has significant potential for stock price increase through performance improvement in the second half of the year. They maintained a 'Buy' rating and raised the target price from 16,000 won to 18,400 won. The closing price of PARADISE on the previous trading day was 13,590 won.
Na Seung-doo, a researcher at SK Securities, said, "The government's visa-free policy for group tourists from China is expected to positively influence the hotel and leisure industry," and noted that given the rapid pace of policy movements since the new government took office, implementation could be as early as July.
Na believes that additional benefits are expected through the expansion of cultural exchange between Korea and Japan. He mentioned, "The 22nd of this month marks the 60th anniversary of the establishment of diplomatic relations between Korea and Japan, which suggests the possibility of expanding cultural exchanges between the two countries," and added, "In particular, there is a likelihood of additional benefits for PARADISE, which has a high proportion of Japanese customers."
He also pointed out that the potential for stock price increase is very high. Na said, "PARADISE announced the decision to buy back shares through a public notice on the 4th of this month," and noted, "In light of the company's plans to enhance corporate value and shareholder return policies communicated at the beginning of the year, it is possible to provide additional premiums."