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THE INVESTOR
April 05, 2020
Big Reunion

Stocks & Bonds

[EQUITIES] ‘SM to further grow overseas’

  • PUBLISHED :November 27, 2018 - 11:53
  • UPDATED :November 27, 2018 - 11:53
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[THE INVESTOR] SM Entertainment’s revenue from overseas is likely to increase next year, said eBEST Investment and Securities on Nov. 27.
 



TVXQ! is returning after serving their military duties, EXO will releases the fifth full album and Red Velvet is scheduled to begin full-scale global tour. Its operating profit will surge 359 percent to 50 billion won. Global revenue from music and videos this year will surpass 20 billion won, up approximately 50 percent, said analyst Kim Hyeon-yong. 

Earnings of SM C&C, which turned to black in the third quarter, have begun to be reflected this year. Advertising sector has entered the high season in the fourth quarter and it will have no problem posting double-digit operating profit, he added. 

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

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