Naver: JYP Entertainment can achieve record high performance-Hyundai Motors
JYP Entertainment can achieve record high performance-Hyundai Motors
Hyundai Motor Securities predicted on the 12th that JYP Entertainment will achieve record-high sales and operating profit in the second quarter. The target price was raised to 120,000 won from the previous 110,000 won, and the investment recommendation was presented as 'neutral'.
Group image of Twice and Stray Kids [Photo = JYP Entertainment]
Kim Hyun-yong, a researcher at Hyundai Motor Securities, predicted JYP Entertainment's second-quarter sales to be 125 billion won, up 84.5 percent from the previous year, and operating profit to be 47.7 billion won, up 96.5 percent from the previous year. Sales increased by 129% compared to the previous year due to the effect of Stray Kids' new release, and other categories also increased by 87% compared to the previous year due to the increase in indirect sales of artists following the expansion of the global fandom. The operating margin is expected to reach a record high of 38.1%, surpassing that of the previous quarter.
Major activities in the second quarter included Twice's world tour with 470,000 people, Twice's 10th Japanese single, and Stray Kids' comeback with their 3rd regular album in early June. It is expected that album sales will mark a new all-time high by marking more than 5 million copies, and the number of attendees for the concert will also break the record high with 530,000. However, in the case of albums in the third quarter, a decrease compared to the previous quarter is inevitable due to the negative base effect of Stray Kids, but in the case of concerts , it is expected that the number of performances will again break a record high with 880,000 due to overlapping tours of major artists such as
Twice, Stray Kids, and Nizi . expected In addition, as A2K
on the 13th and Nizi Project 2 on the 21st start releasing content, the US and Japan localization projects will also be operated in a timely manner. Project C and Loud Project are also planning to debut within the year at the best timing by improving their perfection. Researcher Kim said, “ K-pop in the US market
) The market share is still only 2-3%, so if localized idols make a soft landing in the market, K-POP's mid- to long - term profit stamina can surge up to 2-3 times." I looked ahead.
