{"id":777007277,"date":"2023-07-14T06:27:44","date_gmt":"2023-07-14T09:27:44","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007277"},"modified":"2026-04-22T20:02:57","modified_gmt":"2026-04-22T23:02:57","slug":"paradise-co-to-report-record-breaking-q2-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-to-report-record-breaking-q2-analysts-say","title":{"rendered":"Paradise Co to report record-breaking Q2, analysts say"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Record-breaking earnings in the second quarter are expected due to pent-up demand and cost-cutting measures.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">South Korea.- Analysts at\u00a0<strong>JP Morgan Securities (Asia Pacific) <\/strong>have released a note suggesting that<strong>\u00a0Paradise Co<\/strong>\u00a0will achieve a record-breaking quarter in the three months leading up to June 30.\u00a0Analysts<strong> DS Kim<\/strong> and <strong>Mufan Shi <\/strong>forecast that second-quarter operating profit could surpass full-year 2019&#8217;s KRW52bn (US$436.7m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">JP Morgan estimates that the second-quarter operating profit for 2023 could reach KRW59.0bn (US$469.4m). During the first quarter of 2023,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-reports-net-profit-of-us5-3m-for-q1\" target=\"_blank\">Paradise Co reported a net profit<\/a>\u00a0attributable to shareholders of<strong>\u00a0KRW6.99bn\u00a0<\/strong>(US$5.3m). Sales were KRW191.52bn (US$145.2m), down 0.9 per cent quarter-on-quarter but up 92 per cent in year-on-year terms<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">JP Morgan predicted that Paradise Co will record revenue of approximately KRW280bn (US$233.3m) and a net profit of around KRW33bn (US$276.6m) for the April to June period. The analysts acknowledged the challenges in assessing the pace of recovery for Paradise Co as the reopening process has been uneven across the company&#8217;s key source markets, including expats in South Korea, Japanese visitors, and Chinese tourists.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, China VIPs are the only segment that has not fully recovered. The company&#8217;s strategic reduction in staff during the downturn, along with effective cost management, has contributed to improved margins and enhanced operational efficiency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">JP Morgan estimated that Paradise Co&#8217;s margins for earnings before interest, taxation, depreciation, and amortization (EBITDA) and operating profit could nearly double or triple, reaching approximately 25 per cent and 15 per cent, respectively, in fiscal year 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Record-breaking earnings in the second quarter are expected due to pent-up demand and cost-cutting measures.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Paradise Co is projected by JP Morgan analysts to achieve record-breaking Q2 2023 earnings, with operating profit potentially surpassing full-year 2019 figures, driven by pent-up demand and strategic cost-cutting measures. Despite uneven recovery across key source markets, particularly the China VIP segment, enhanced operational efficiency and improved margins are anticipated. The forecast includes significant increases in revenue, net profit, and EBITDA margins for the fiscal year.","focusai_entities":"Paradise Co, JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi","focusai_location":"South Korea, China, Japan","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Q2 Margin Sustainability?","query":"What specific operational efficiencies and cost management strategies has Paradise Co implemented to ensure the sustainability of the projected 25% EBITDA and 15% operating profit margins beyond Q2 2023?"},{"label":"China VIP Recovery Impact?","query":"Given the uneven recovery, particularly in the China VIP segment, what is JP Morgan's revised timeline or forecast for the full normalization of this critical revenue stream for Paradise Co, and how might it impact subsequent fiscal quarters?"}],"footnotes":""},"categories":[16338,163],"tags":[1705],"class_list":["post-777007277","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777007277"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007277\/revisions"}],"predecessor-version":[{"id":777007290,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007277\/revisions\/777007290"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}