Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Mohegan Gaming's Inspire Resort to Launch the First Foreigners Only Casino in Korea in 19 Years

Paradise Announces A Switch in Listing from KOSDAQ to KOSPI

Lotte Tour Development: A Major Asset Revaluation Resulting in More Than 8X Increase in Equity

Chinese Are Flocking to Shinhwa World + Lawmakers to Allow Gaming for Locals in Jeju & Yeongjeongdo?

China to Finally Allow Group Tours to Korea and Japan?

Significant MoM Increase in Inbound & Outbound Visitors in Korea in April 2022

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Equity Bottom-Up

<ul>
<li>Paradise is one of the largest foreigners only casino operators in Korea which should benefit from the end of the ban of Chinese group tours to Korea.</li>
<li>However, Paradise will face additional competition from the opening of the new Inspire Entertainment Resort in Incheon which is expected to open by the end of 2023. </li>
<li>Paradise is likely to benefit from a combination of higher earnings and valuation multiples in the coming months. </li>
</ul>


Paradise is one of the largest foreigners only casino operators in Korea which should benefit from the end of the ban of Chinese group tours to Korea.
However, Paradise will face additional competition from the opening of the new Inspire Entertainment Resort in Incheon which is expected to open by the end of 2023. 
Paradise is likely to benefit from a combination of higher earnings and valuation multiples in the coming months. 


Lotte Tour Development Co, Ltd. (032350 KS)

Paradise: Boost from End of Ban of Chinese Group Tours to Korea Vs Inspire Resort Opening in Incheon

Paradise Co Ltd

Paradise: Boost from End of Ban of Chinese Group Tours to Korea Vs Inspire Resort Opening in Incheon