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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘YG Entertainment rises on next-gen idols’

  • PUBLISHED :July 23, 2018 - 14:14
  • UPDATED :July 23, 2018 - 14:14
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[THE INVESTOR] YG Entertainment’s new artist lineup is outperforming, said Mirae Asset Daewoo on July 23, raising the target price to 43,000 won (US$38.09) from 30,000 won.




It has hit the bottom due to shrinking business over doubts on the return of its artists. It is very likely to turn around, however, as Black Pink, iKON and Winner rally and content business including an exclusive program for Netflix will begin to contribute from September. The recent growth of the fan base of its next-generation artists is impressive as iKON and Black Pink managed to have concerts at Japan’s major domes. The idol groups are growing fast, which will be favorable to the company for at least three years, said analyst Park Jeong-yeop.

The second quarter saw the absence of Big Bang, and the entertainment heavyweight will turn to red with 200 million won operating loss while revenue will decline 17.4 percent on-year to 59.7 billion won, estimated the analyst maintaining a “trading buy” recommendation.

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

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