Photo = Yonhap news

 

[Alpha Biz= Reporter Kim Sangjin] Daishin Securities has maintained its "Buy" rating and target price of 14,000 won for Lotte Tour Development, highlighting strong revenue growth in Q3 driven by peak season effects. 

 

The firm expects significant growth momentum in 2024, supported by increased international flight services and operational leverage. Lotte Tour Development's Q3 sales grew by 44% year-on-year to 1.391 trillion won, with operating profit surging 6406% to 22.2 billion won, exceeding market expectations. 

 

The company’s performance, particularly in Jeju and the casino segment, continues to show robust growth. The firm has revised its 2024 operating profit forecast upward, citing reduced depreciation costs, and expects continued growth with a projected 22% increase in sales and 101% jump in operating profit for 2025.

 

 

[ⓒ AlphaBIZ. 무단전재-재배포 금지]