[THE INVESTOR] J contentree’s third-quarter earnings will be solid, said NH Investment and Securities on Oct. 22 maintaining a “buy” recommendation and 7,800 won (US$6.88) target price.
Propelled by steady overseas sales of its dramas, revenue in the period will increase 11.8 percent on-year to 129.4 billion won and operating profit by 82.3 percent to 19.3 billion won. Sale of “Life” to Netflix, export of “Misty” to China and strong popularity of “My ID is Gangnam Beauty” will boost its revenue and in the fourth quarter it will further gain overseas reflecting sale of “The Third Charm” and “Beauty Inside” to Netflix, said analyst Lee Hwa-jeong.
Meanwhile, it will utilize funds from capital raise and invest in expanding drama lineup and invest in producers, she added.
By Hwang You-mee (firstname.lastname@example.org)