[THE INVESTOR] JYP Entertainment’s earnings in the third quarter will be a record high, said Hana Financial Investment on Oct. 16 maintaining a “buy” recommendation and 47,000 won (US$41.66) target price.
Its revenue will double from the same period last year to 34.8 billion won and operating profit will soar 805 percent to 10 billion won, boosted by growing music sales from overseas and reflecting Twice’s popularity in Japan. In the fourth quarter revenue will come in at 37.8 billion won with operating profit of 11.3 billion won, continuing the record-breaking streak, said analyst Lee Gi-hun.
Even if all of its six new groups, set to debut in the coming three years, fail to gain popularity, the firm’s operating profit in 2020 is very likely to top 60 billion won, he said suggesting it as a “top pick.”
By Hwang You-mee (firstname.lastname@example.org)