[Featured Stock] Lotte Shopping Jumps Over 7% on Earnings Growth Expectations
Lotte Shopping is on an upward trend on expectations of strong earnings driven by an increase in foreign tourists.
![[Featured Stock] Lotte Shopping Jumps Over 7% on Earnings Growth Expectations](http://www.asiae.co.kr/news/img_view.htm?img=2026020914285834407_1770614939.jpg)
As of 9:20 a.m. on the 10th, Lotte Shopping was trading at 105,900 won, up 7.19% (7,100 won) from the previous trading day.
Hanwha Investment & Securities raised its target price for Lotte Shopping to 150,000 won the previous day. Lotte Shopping's operating profit in the fourth quarter of last year was 227.7 billion won, up 54.7% year-on-year, in line with market expectations.
Hot Picks Today
"Two Spend 500,000 Won in a Flash, Yet Wait Two Hours?" ... 'Dreamland' Shunned by Kids and Foreign Tourists
- The Era of Getting 200 Million Won After 30 Years Is Over... A Japanese Bank's "Perpetual Department Head" Who Just Clocked In Cries Out
- Spain Hit by Its Worst Tragedy... Lee Kangin, Moreno and Real Madrid Join Soccer World in Mourning
- They Said, “Make It Your Home for Life” - Then Suddenly Kicked 200 Passengers Off... What Happened to the Around-the-World Cruise?
- "130 Rice Bowls Sold Out in a Day"... 'Unfiltered Face' Adds 8 Million Won to Night Market Sales: China's Bungeunwoo
Lee Jinhyup, an analyst at Hanwha Investment & Securities, said, "The domestic foreign inbound momentum is strengthening, and department stores are particularly benefiting from this trend," adding, "The commercial districts to watch this year are Myeong-dong and the Busan-Ulsan-Gyeongnam region, and since the company has large exposure in these areas, its sales growth could show relatively stronger momentum."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
