[클릭 e종목] “2Q unfortunate GKL, expectation of expanding tourists in China”

2Q hold rate growth
Expansion of expanding nationwide and indefinite extension

Gkl




Gkl
114090
|
KOSPI


Securities information






Present
16,420


Compared to the previous day
80


Fluctuation
+0.49%


Trading volume
54,182


Daytime
16,340



2025.07.07 09:04


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[특징주]”For the second consecutive term, expectation” rising casinoLeading Japan and China’s dreams… Foreign casino, rising notice[클릭 e종목]”GKL is looking forward to improving earnings in the recovery of Chinese tourists“



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The second quarter of this year is expected to achieve somewhat less than expected. However, it is analyzed that additional growth is possible as Chinese tourists expand.

On the 7th, KB Securities raised GKL’s target price by 33.3% to 20,000 won and maintained its ‘purchase’. The previous trading day was 16,340 won.

The hold rate (the amount collected by the casino wins in the game), which fell to 10.8%last year, is normalized to 12.0%in the first half of this year, and the demand for VIP in China is gradually recovering.

In the second quarter of this year, GKL recorded sales of W101.8bn and operating profit of W14.2bn. It is an increase of 3.0% and 7.6% YoY, respectively. Operating profit is below the market forecast (consensus) 16.6 billion won.

The combined drop in the second quarter (the amount purchased for the casino game) is 9148 billion won and the hold rate is 11.1%. The drop amount increased by 10.6% compared to the first quarter, but the hold rate increased by 0.6 percentage points.

However, if the entry of Chinese group tourist visas is expanded nationwide and the deadline is extended to indefinitely, it is expected that Chinese customer indicators can be improved. Lee Sun -hwa, a researcher at KB Securities, said, “GKL operates Seven Luck Casino Stadium in Gangnam COEX, Seoul, Seoul, Seoul, and Lotte, Seoul, Seoul, Seoul, and Seomyeon Lotte,” he said.

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