Corporate Logo(source: paradise.co.kr)
Hanwha Investment & Securities raised its target price for Paradise (034230) from 16,000 won to 24,000 won on July 23, citing expectations that the company’s second-quarter earnings will exceed market forecasts.
The stock closed at 19,500 won in the previous session, up 0.93% from the day before.
Analyst Park Soo-young stated, “Paradise’s second-quarter operating profit is expected to come in at 40.6 billion won, a 28% increase year-on-year and above the market consensus of 36 billion won.” He noted that improved average daily room rates (ADR) contributed significantly to the earnings, along with strong indicators from Japanese customers.
He added, “We anticipate continued strong performance into the third quarter. Japanese visitor numbers and drop amounts typically rise in August during the Obon holiday, and this trend is likely to be reflected again this year.”
Park further commented that if a temporary visa waiver is granted for Chinese tourists visiting regions outside Jeju Island, which is currently under consideration, related travel indicators could improve sharply from the third quarter.
Hanwha Investment & Securities forecasts Paradise’s full-year operating profit to reach 174 billion won in 2025, marking a 28% increase from 136 billion won in 2024.
*[KOSPI] Paradise(034230) operates four foreigner-only casinos and a resort complex, Paradise City, on Yeongjong Island, Incheon. Its market capitalization is 1.78 trillion won (as of July 22, 2025, closing price).
Corporate Logo(source: paradise.co.kr)
Hanwha Investment & Securities raised its target price for Paradise (034230) from 16,000 won to 24,000 won on July 23, citing expectations that the company’s second-quarter earnings will exceed market forecasts.
The stock closed at 19,500 won in the previous session, up 0.93% from the day before.
Analyst Park Soo-young stated, “Paradise’s second-quarter operating profit is expected to come in at 40.6 billion won, a 28% increase year-on-year and above the market consensus of 36 billion won.” He noted that improved average daily room rates (ADR) contributed significantly to the earnings, along with strong indicators from Japanese customers.
He added, “We anticipate continued strong performance into the third quarter. Japanese visitor numbers and drop amounts typically rise in August during the Obon holiday, and this trend is likely to be reflected again this year.”
Park further commented that if a temporary visa waiver is granted for Chinese tourists visiting regions outside Jeju Island, which is currently under consideration, related travel indicators could improve sharply from the third quarter.
Hanwha Investment & Securities forecasts Paradise’s full-year operating profit to reach 174 billion won in 2025, marking a 28% increase from 136 billion won in 2024.
*[KOSPI] Paradise(034230) operates four foreigner-only casinos and a resort complex, Paradise City, on Yeongjong Island, Incheon. Its market capitalization is 1.78 trillion won (as of July 22, 2025, closing price).