Tokyo Disney Reopening Is No Fast Pass to Success for Investors
- Tokyo Disney Resort reopens after lengthy closure due to virus
- Visitors likely to remain low in absence of foreign tourists
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Tokyo Disneyland and its sister park DisneySea on Wednesday reopened their gates after a record four-month coronavirus-induced closure -- but the future path for the shares of their operator Oriental Land Co. remains murky, according to analysts.
“Shares have rebounded from the bottom over expectations that the park will reopen at some point, but share prices have adjusted a bit now with investors uncertain about its outlook,” said Ikuo Mitsui, a fund manager at Aizawa Securities Co. “It will be difficult to cover their losses for now. As park restrictions ease, markets will want to see what kind of profit trend Oriental Land can map out.”