Corporate Logo(source: ir.lottetour.com)
Lotte Tour Development (032350) is expected to deliver stronger-than-expected earnings for the third quarter, according to Kiwoom Securities, which on October 14 reiterated its Buy rating and raised its target price to 27,000 won, naming the company its “Top Pick” in the leisure sector.
Lim Su-jin, an analyst at Kiwoom Securities, stated, “Lotte Tour Development achieved record-breaking performance in September despite being in a seasonally slow period. We expect a ‘surprise’ earnings result for the third quarter, and upward revisions to next year’s earnings forecasts may be warranted.”
The company’s casino net sales for September reached 53 billion won, the highest monthly figure on record.
Based on this trend, Kiwoom Securities estimated that Lotte Tour Development likely posted 139.1 billion won in revenue and 51.5 billion won in operating profit for the third quarter, with the operating profit projection about 21% higher than the current market consensus.
Lim added, “Lotte Tour Development has shown stronger-than-expected growth in key qualitative indicators such as drop amount and visitor numbers this year. The continuous monthly increase in per-capita drop amount also indicates improving VIP operations.”
*[KOSPI] Lotte Tour Development(032350) is a leading comprehensive travel company in South Korea, engaging in tourism development, domestic and international travel agency, air ticket sales agency, charter transportation, hotel, and retail businesses. Its market capitalization is 1.343 trillion won (as of October 13, 2025, closing price).
Corporate Logo(source: ir.lottetour.com)
Lotte Tour Development (032350) is expected to deliver stronger-than-expected earnings for the third quarter, according to Kiwoom Securities, which on October 14 reiterated its Buy rating and raised its target price to 27,000 won, naming the company its “Top Pick” in the leisure sector.
Lim Su-jin, an analyst at Kiwoom Securities, stated, “Lotte Tour Development achieved record-breaking performance in September despite being in a seasonally slow period. We expect a ‘surprise’ earnings result for the third quarter, and upward revisions to next year’s earnings forecasts may be warranted.”
The company’s casino net sales for September reached 53 billion won, the highest monthly figure on record.
Based on this trend, Kiwoom Securities estimated that Lotte Tour Development likely posted 139.1 billion won in revenue and 51.5 billion won in operating profit for the third quarter, with the operating profit projection about 21% higher than the current market consensus.
Lim added, “Lotte Tour Development has shown stronger-than-expected growth in key qualitative indicators such as drop amount and visitor numbers this year. The continuous monthly increase in per-capita drop amount also indicates improving VIP operations.”
*[KOSPI] Lotte Tour Development(032350) is a leading comprehensive travel company in South Korea, engaging in tourism development, domestic and international travel agency, air ticket sales agency, charter transportation, hotel, and retail businesses. Its market capitalization is 1.343 trillion won (as of October 13, 2025, closing price).