In today’s briefing:
- Hotel Shilla Pref: Discount Vs Common to Narrow and Boost from Chinese Group Tours to Korea
Hotel Shilla Pref: Discount Vs Common to Narrow and Boost from Chinese Group Tours to Korea
- Hotel Shilla, one of the largest operators of duty free shops in Korea, will be a major beneficiary of the return of the group tours from China to Korea.
- We expect the consensus to raise the company’s sales estimates in 2024 to 2025 by about 3-7% and net profit estimates by 20-25%+ in this period.
- Currently, Hotel Shilla Pref/Common stock price ratio is 0.61 which is 22% below the five year average of 0.78.