[THE INVESTOR] JYP Entertainment
has three teams of male idols gearing up for debut next year, said Hana Financial Investment on Nov. 23, maintaining a “buy” recommendation and raising the target price to 17,000 won (US$15.63) from 15,500 won.
The entertainment company has been undervalued for the lack of boy bands and low profits from China, but that will change next year as it plans to introduce one boy band in Korea and two in China, said analyst Lee Gi-hun.
There is great potential in China where TFBoys, a boy band, reaped 80 billion won in two years after its debut, and JYP’s two teams have a good chance, said the analyst.
In Japan, its girl group Twice will grow dramatically from next year, forecast Lee. Revenue from Japan and China will begin a sharp upturn from 2018, and by 2020, JYP’s artists will have secured their positions with three to seven years of experience, he added.
By Hwang You-mee (email@example.com