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| ▲This photo, provided by YG Entertainment show photo of BLACKPINK. (PHOTO NOT FOR SALE) (Yonhap) |
SEOUL March 20 (Yonhap) -- KB Securities and Daishin Securities have increased their expected target stock price of YG Entertainment as the company is expected of positive growth.
KB Securities have increased the expected target stock price from 60 thousand won to 70 thousand won, where as the Dishin Securities have increased their target stock price of YG Entertainment from 64 thousand won to 69 thousand won.
Lee Sun-hwa the researcher from KB Securities addressed “As the number of BLACKPINK’s world tour continues to increase whereas Treasure’s global random has expanded successfully and upcoming girl group BabyMonster is about to debut in the second quarter of 2023, YG Entertainment is expected to showcase growth, therefore we have decided to increase our target stock price of YG Entertainment 10.8 percent and 16.5 percent.”
Moreover, she continued on by stating “BLACKPINK’s contract with the company ends in August 27 2023, therefore the unknown factor of whether the group will decide to stay with YG plays in as the uncertainty factor of the growth, however due to the debut of BabyMonster, and various artists, YG Entertainment will continue on striving forward.”
Researcher Lee Ji-eun from Daishin Securities stated “YG Entertainment has made remarkable sales which has exceeded over 125 billion won, and the business profit has exceeded 15.7 billion won,” adding “Jisoo of BLACKPINK’s upcoming solo album is expected to drop on March 31, therefore we are expected even greater increase in profit in 2023.”
Continuing on, the researcher stated “However the uncertainty of BLACKPINK’s contractual complication still stands as potential threat to stock price crisis.”
(This article is translated from Korean to English by Joonha Yoo)
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