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Daishin Securities Sees Lotte Rental Gaining Market Share After Ownership Change
🇰🇷 South Korea /Economy & Trade

Daishin Securities Sees Lotte Rental Gaining Market Share After Ownership Change

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

Analysis Named sources Context piece
  • Daishin Securities expects Lotte Rental to gain domestic rental-car market share next year and increase profits and dividends.
  • The brokerage maintained its buy rating and 60,000-won target price.
  • Lotte Rental’s previous closing price was 47,350 won.

Daishin Securities expects Lotte Rental to strengthen its position in South Korea’s rental-car market after a change in its largest shareholder.

The brokerage said the company could gain additional market share next year, while higher profits and dividends may become more likely. It kept its buy rating and target price of 60,000 won.

Lotte Rental closed at 47,350 won in the previous trading session. Analyst Park Kang-ho issued the assessment cited in the report.

Lotte Rental is expected to increase its market share in the domestic rental-car market next year, with the potential for higher profits and dividends coming into focus.

— Park Kang-hoDaishin Securities analyst on Lotte Rental’s outlook.
About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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