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| ▲This photo shows logo of HYBE. (Yonhap) |
SEOUL February 22 (Yonhap) -- Various securities companies have increased the target stock price of Entertainment agency HYBE on February 22, in expectation of the company's growth based on the annual corporate growth shown in 2022, and group’s potential to grow bigger in 2023.
Ebest Investment and Securities have increased HYBE’s target stock price up to 370 thousand won, whereas Hyandi Motors and Daol Securities have increased the price of the stocks up to 240 thousand won, and KB, Meritz, and Hana Securities have increased the price up to 230 thousand won, 220 thousand won increase in IBK and Kyobo Securities 200 thousand won increase from Daishin Securities. However NH Securities have maintained its price as 250 thousand won.
Researcher Ahn Jin-ah of the Ebest Investment and Securities addressed “If we assume that HYBE were to buy 39.8 percent share of the SM Entertainment shares we plan to increase the price of expected price of HYBE’s stock from 196 thousand won to 370 thousand won and title it as the preferred stock.”
Moreover, researcher addressed “If HYBE were to a successfully purchase shares of SM Entertainment the expected growth of the global fan platform WeVerse and the name value of the Label are looking bright.”
“HYBE is expected to value the premium of the major stock holders while minimizing the chaos which could occur throughout the process of attaining the stocks of SM Entertainment, moreover HYBE is expected to showcase transparent process for the minor shareholders throughout the deal.” addressed researcher Ahn Jin-ah.
“HYBE is expected to gather up over 400 billion won in year 2025 when all of the members of global sensation BTS returns from their individual military duties which will lead HYBE to withhold over 14 trillion won in value.” researcher Lee Ki-hoon of Hana Securities stated his reason regarding the arrangement of the expected stock price of HYBE to 230 thousand won
Continuing on, researcher addressed “The acquirement issues of SM Entertainment did not take part in the rearrangement of the stock price of HYBE.” adding “Since HYBE added various features to WeVerse and is planning on showcasing a girl group in the United States therefore we have decided to select HYBE as the preferred stock.”
Lee Seon-hwa, researcher at KB Securities addressed that the reason for the increase in HYBE’s expected stock price from 170 thousand won to 230 thousand won lies on the multi label setup which will provide HYBE with various points to make profit.
Moreover, researcher Jung Ji-soo, from Meritz Securities explained that HYBE is expected to gathering up over 1.8 trillion won in total profit and 234.6 billion won in operating income, while BTS members will pursuit their individual careers while SEVENTEEN, ENHYPEN, TXT and various other artist will double the size of their upcoming concerts.
(This article is translated from Korean to English by Joonha Yoo)
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