Hotel Shilla target cut to 55,000 won as duty-free growth stays limited

Verifying
  • Heungkuk Securities retained its Buy rating while lowering Hotel Shilla’s target price.
  • 63.5 billion won is the projected third-quarter operating profit, up 455.1% year-on-year.
  • Hotel Shilla’s previous closing price was 40,400 won, according to the assessment.
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