April 25, 2024

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[THE INVESTOR] JYP Entertainment will continue to post record earnings until the fourth quarter, said Hana Financial Investment on July 9, maintaining a “buy” recommendation and 34,000 won (US$30.49) target price. 

Its second-quarter earnings will be a record high with 37.2 billion won revenue and 8.3 billion won operating profit. Twice and Day6 are returning to Korea while GOT7’s international tour and Twice’s Asia tour and Japan showcase will be reflected, said analyst Lee Gi-hun. 

Its third-quarter earnings will he high, as all major artists are also likely to return and the combined 20 concerts of GOT7, Day6 and Twice will boost figures. Boy Story, an idol group targeting China, will officially debut as well, added Lee. 

The upward trend will be sustained until the fourth quarter and earningswill be the key momentum for its stocks, said the analyst suggesting a “top pick” rating. 

By Hwang You-mee (glamazon@heraldcorp.com)