Hanwha Investment & Securities offered its investment opinion on Hotel Shilla as a 'Buy and the target price of 110,000 won.
The securities firm analyzed, "Hotel Shilla is expected to make a successful turnaround with its first-quarter consolidated sales falling 3.1 percent year-on-year to 914.6 billion won and operating profit to 2.6 billion won."
The securities firm also expected that the effect of improving margins by increasing the volume of small-scale purchasing agents and diversifying its sales product portfolio, reducing rent due to Incheon International Airport's T1 withdrawal and rate system, and reducing costs for hotel and leisure divisions will begin in earnest.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
Tag
#Hanwha Investment & Securities
#Hotel Shilla
#turnaround
#consolidated sales
#Incheon International Airport
#reducing costs for hotel
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