Money Today: JYP's share price piercing the ceiling... A structure that is faithful to the main business, anticipation for K-POP

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Stock industry sources cite “faithful to their main business” as the reason why JYP’s stocks are attractive to investors.

Since it focuses on the entertainment industry without having multiple ventures... & their businesses are also related to the entertainment industry itself.

— JYP News (@thejypnews) February 23, 2023

 ....."JYP achieved great results last year in record sales, which is the most basic factor in evaluating the performance of entertainment agencies. The idol group 'Stray Kids' recorded an all-time high sales of over 3 million copies of their 7th mini album ' MAXIDENT ' in the fourth quarter of last year . Regarding this, Hwajeong Lee , a researcher at NH Investment & Securities, said, "In particular, the growth of joint purchases by Chinese fandoms is also noticeable."

In the end, investors are evaluated as having the best growth rate among the 4 large entertainment companies last year. , The stock market explained that JYP , which is faithful to its main business but manages risks through equity investment, is attractive . Kim Hyun-yong, a researcher at Hyundai Motor Securities, said, "If the outlook for K-pop business looks good from an investor's point of view, the first company to reach is JYP , and K-pop He said, "Other entertainment companies have weakened performance due to various additional businesses, but JYP 's business structure makes it possible for JYP to perform well if the K-pop industry is doing well."

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