[Click eStock] "JYP to Show Growth This Year"

Ebest Investment & Securities Issues 'Buy' Investment Opinion and Sets Target Price at 35,000 Won... Closing Price on 17th at 26,850 Won

ITZY under JYP (Photo by Asia Economy DB)

[Asia Economy Reporter Kum Boryeong] An analysis has emerged that JYP will show growth this year.

According to Ebest Investment & Securities on the 20th, JYP Ent.'s tour attendance and album sales (combined for Korea and Japan) are expected to continue high growth at 1.3 million and 4.8 million respectively this year. Compared to the previous year, these figures represent increases of 38% and 17% respectively.

Kim Hyunyong, a researcher at Ebest Investment & Securities, explained, "Although TWICE has faced growth stagnation, the overall quantitative figures remain overwhelming. GOT7, ITZY, and Stray Kids are expected to contribute evenly to the increases in tours and album sales. Additionally, DAY6 and 2PM are also in a position to contribute to performance. Regionally, GOT7's Jackson's entry into China and Stray Kids' expansion into Japan and global markets are planned for the first half of the year."

JYP's fourth-quarter performance last year is also estimated to have grown 14.1% year-on-year to 11.3 billion KRW. Strong results meeting market expectations are anticipated. Furthermore, with the possibility of easing the 'Hanhanryeong (Korean Wave ban)' from March to April increasing, momentum across entertainment stocks is expected to strengthen.

Ebest Investment & Securities has issued a 'Buy' rating for JYP. The target stock price has been raised by 17% from the previous 30,000 KRW to 35,000 KRW. The closing price on the 17th was 26,850 KRW.

This content was produced with the assistance of AI translation services.