Due to BLACKPINK, YG Leisure’s inventory value has reached a file excessive of 52 weeks
YG Leisure’s share value has soared greater than 50% up to now three months. With the affirmation of the debut of the brand new woman group ‘Child Monster’ and the announcement of the stunning 1Q outcomes, it broke the 52-week excessive on the twelfth.
On at the present time, shares of YG Leisure closed at 78,100 gained, up 17.09% from the earlier buying and selling day. Throughout the day, it rose 19.19% to 79,500 gained, reaching a 52-week excessive.
Particularly, the shopping for pattern of international buyers stood out. On at the present time, foreigners web purchased 551,490 shares (42.3 billion gained), establishments 46,778 shares (3.2 billion gained), and people 597,922 shares (42.5 billion gained).
Yesterday, YG Leisure introduced that consolidated first quarter working revenue soared 497.6% year-on-year to 36.5 billion gained. Gross sales additionally elevated by 108.6% to KRW 157.5 billion, and web revenue elevated by 437.5% to KRW 31.3 billion.
Korea Funding & Securities cited the background of YG Leisure’s earnings shock. Blackpink’s world tour concert events and merchandise gross sales, YG Make investments’s 3.9 billion gained revenue from the sale of shares in Naver Z, and so on. are exceeding market expectations.”
The information of the debut of the rookie woman group ‘Child Monster’ after 7 years together with the sturdy efficiency within the first quarter contributed to the share value rise.
Park Seong-guk, a researcher at Korea Funding & Securities, stated that along with Blackpink’s achievements, “The preliminary response of Child Monster, who surpassed 2 million subscribers on YouTube even earlier than their debut, and the rise in album gross sales after Treasure’s comeback may result in an upward revision of earnings estimates.”, which raised the goal inventory value.
In the meantime, KB Securities, Hana Securities, and Eugene Funding & Securities all raised their goal costs for YG Leisure.
Researcher Lee Ki-hoon of Hana Securities emphasised within the report as follows. He continued, “Relying on the success of Child Monster, crucial funding level within the Ok-pop business, there’s a risk that the variety of artists who bought 1 million albums in BLACKPINK will increase to 2 groups.” addition It will contribute to a rise in YG Leisure’s valuation.”
In the meantime, the closing value of HiB (previously Huge Hit Leisure) on at the present time closed at 282,000 gained, up 1.62% from the earlier buying and selling day. HYBE confirmed an astonishing 42.9% rise in April and was listed among the many high shares most popular by international buyers. Analysts say that regardless of the absence of the group BTS, the looks of latest artists resembling NU’EST and BTS’ solo actions eased considerations concerning the navy enlistment and hiatus of BTS members, and the inventory value continued to rise. .
On at the present time, SM Leisure (SM) closed at 106,400 gained, down 1.30% from the earlier buying and selling day.