Shinsegae is strong in early trading on the 7th. Improving department store results and expectations of benefits from developing the Seoul Express Bus Terminal are seen as boosting investor sentiment.
As of 9:36 a.m. that day, Shinsegae was trading at 258,000 won, up 19,000 won (7.95%) from the previous session on the Korea Exchange.
Brokerages analyzed that Shinsegae will post strong results in the fourth quarter of 2025. Kim Hye-mi, an analyst at Sangsangin Investment & Securities, said Shinsegae is expected to record consolidated sales of 1.9432 trillion won and operating profit of 159.6 billion won in the fourth quarter.
Kim said, "Renovation of the main building and the Han Il-ryeong effect drove sturdy top-line growth with luxury sales expanding (up 21% year over year), and the early cold snap also supported strong sales in the fashion category (up 6%)."
Kim added, "Expectations are also building for development of the land asset at the Seoul Express Bus Terminal," and emphasized, "While earnings growth from department store sales expansion is expected through the second half of this year, concerns about widening losses are limited by the decision to suspend some airport duty-free operations, making this the most comfortable choice within retail this year."