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[EQUITIES] Daishin Securities projects 1,072% jump in Hotel Shilla’s Q3 profit

[THE INVESTOR]  Daishin Securities on Aug.29 forecast Hotel Shilla’s third-quarter operating profit will rise 1,072 percent compared to the same period last year, to 34.1 billion won (US$3.02 million).

Stabilizing margins, coupled with the rising deficit of Hotel Shilla’s competitors, are some of the driving factors behind the growth, the brokerage said.

It added that if Hotel Shilla manages to open another duty-free shop this year when the Korea Customs Service issues new permits, it also would contribute to the firm’s profitability.

By Kim Ji-hyun (
Korea Herald daum