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Hotel Shilla: Earnings Momentum To Weaken In 2H19

Summary

2Q19 earnings will likely miss the consensus estimate.

DFS sales, which have been growing sharply, are likely to lose steam in 2H19.

We revise down our earnings forecasts in light of unfavorable sector fundamentals.

hotel shilla shilla hotel

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: Hyundai Motor Company is a passive shareholder in our bank.