[Click eStock] "JYP Expected Explosive Growth in Q4"

Hana Financial Investment Issues 'Buy' Investment Opinion and Target Price of 48,000 Won... Closing Price on 12th at 34,900 Won

[Asia Economy Reporter Kum Bo-ryeong] An analysis has emerged predicting explosive growth for JYP Ent. in the fourth quarter.

According to Hana Financial Investment on the 13th, JYP's third-quarter earnings are estimated at 32.8 billion KRW in sales and 8.3 billion KRW in operating profit. Compared to the previous year, sales decreased by 28% and operating profit by 44%. Lee Ki-hoon, a researcher at Hana Financial Investment, explained, "This is based on a conservative assumption regarding NiziU merchandise sales, and there is a high possibility of exceeding this depending on performance. Like most artists in the industry, both Stray Kids and ITZY recorded their highest album sales ever. TWICE conducted an online tour in addition to Japanese album sales."

Album sales are expected to increase from the fourth quarter through next year. In the fourth quarter, all artists except Stray Kids (Japanese album) are scheduled to make domestic comebacks. The researcher said, "Even with conservative assumptions, album sales next year are expected to grow by 85% compared to two years ago, reaching 5 million copies. The industry's core assumption is that digital music leads to physical albums and then tours, so once offline concerts become possible, tremendous growth is expected over the next 2-3 years through linked concert and merchandise sales."

Hana Financial Investment gave JYP a 'Buy' investment rating with a target price of 48,000 KRW, up from the previous 45,000 KRW. The closing price on the 12th was 34,900 KRW. The researcher added, "In addition to the expected 5 million album sales next year, there are plans for NiziU's debut in December, the debut of Korean and Chinese male groups next year, and a Japanese male group as well. Although stock price volatility has increased, the industry boom is starting to the extent that the company has no worries for the next 3-5 years."

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