Kyobo Securities cut Hotel Shilla stock target to KRW 59,000

Published on 10/20/2026 at 02:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hotel Shilla reported KRW 971.83 billion revenue in the second quarter of 2026. Hotel Shilla stock has November 16, 2026 earnings date.

Analyst revision and earnings timeline

Kyobo Securities cut its Hotel Shilla target from KRW 64,000 to KRW 59,000 on October 12, 2026.
Second-quarter revenue reached KRW 971.83 billion, while operating profit was KRW 61.14 billion.
Hotel Shilla is expected to publish third-quarter results on November 16, 2026.

Hotel Shilla, KR7008770000, Illustration mit AI erstellt.

Kyobo Securities cut Hotel Shilla's target from KRW 64,000 to KRW 59,000 on October 12, 2026, according to Asiae. The brokerage kept its Buy rating while pointing to weaker near-term duty-free profitability and continued hotel growth.

ATS View reported that Hotel Shilla's second-quarter 2026 revenue was KRW 971.83 billion, down 5.2 percent year over year, while operating profit reached KRW 61.14 billion. Net income was KRW 21.45 billion for the same period.

What does the target cut imply?

The revised target reflects a split operating picture. Asiae said Kyobo Securities expects third-quarter revenue of KRW 938.4 billion, down 8.5 percent year over year, and operating profit of KRW 51.2 billion, up 347.6 percent. The operating-profit estimate is below the KRW 59.8 billion market consensus cited by the publication.

The duty-free business remains the pressure point in that forecast. Asiae estimates third-quarter duty-free revenue at KRW 739.4 billion and operating profit at KRW 25.0 billion, while hotel and leisure revenue is projected at KRW 199.0 billion with operating profit of KRW 26.2 billion.

Three dated earnings signals

On April 24, 2026, Hotel Shilla reported first-quarter revenue of KRW 1.05 trillion, according to Investing.com. On August 14, 2026, second-quarter revenue was KRW 972.0 billion and earnings per share were KRW 562.22, the same source reported. On October 12, 2026, Kyobo Securities lowered its target to KRW 59,000 while retaining its Buy rating, as Asiae reported.

Next results date

The next substantiated date is November 16, 2026, when Hotel Shilla is expected to publish third-quarter results, according to Investing.com. That release should show whether hotel profitability can offset softer duty-free sales.

Hotel Shilla market profile

Hotel Shilla combines luxury hotels with duty-free retail in South Korea. The second-quarter figures show the earnings recovery was measurable in operating profit, but the analyst estimates indicate that duty-free demand and cost pressure remain central to the next reporting period.