[Click eStock] "DNC Media, Rapid Increase in Export Share... High Growth Expected Domestically"

NH Investment & Securities Presents 'Buy' Investment Opinion and Target Price of 41,000 Won... Closing Price on 19th at 35,300 Won

[Asia Economy Reporter Kum Bo-ryeong] An analysis suggests that if D&C Media's export ratio increases to 30%, it should be recognized as a global intellectual property (IP) company.

According to NH Investment & Securities on the 20th, D&C Media's export ratio grew from 12% in the second quarter of last year to 30% in the second quarter of this year.

As the export ratio increased, the second-quarter performance was also favorable. Operating profit was 3.2 billion KRW, and sales were 14 billion KRW, up 96.9% and 44.2% respectively compared to the previous year. Baek Joon-gi, a researcher at NH Investment & Securities, explained, "There was a significant change in the second quarter compared to other quarters, which was the rapid increase in the export ratio," adding, "Piccoma's transaction volume in the first half of this year increased by 125% compared to the previous year."

The export ratio is expected to expand further. NH Investment & Securities forecasts D&C Media's third-quarter operating profit at 3.5 billion KRW and sales at 14.8 billion KRW. In the fourth quarter, domestic high growth is expected again with the addition of new works. This is because the value of the core IP continues to rise. For example, "Solo Leveling" gained over 1 million subscribers domestically this year alone.

Researcher Baek said, "Piccoma's overseas growth directly benefits D&C," noting, "In North America, 'Solo Leveling' is currently supplied through Tapas, and 'The Villainess's Definition' and 'The Reason She Had to Go to the Duke's Mansion' ranked first and second." He added, "On the Tapas side, works such as 'Empress of Another World' and 'My Fair Footman' are being supplied," and "With KakaoPage's full-scale entry into North America expected, D&C Media's major work supply market is anticipated to expand to North America."

NH Investment & Securities has given D&C Media a 'Buy' rating with a target price of 41,000 KRW, up from the previous 32,000 KRW. The closing price on the 19th was 35,300 KRW.

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