[Featured Stock] HYBE Rises 3% on Expectations of Earnings Growth

[Asia Economy Reporter Minji Lee] HYBE is showing a rise of over 3% driven by expectations of improved earnings.

At 10:24 AM on the 18th, HYBE was trading at 255,500 KRW, up 2.8% from the previous trading day. During the day, HYBE's stock price surged to as high as 259,500 KRW. At this time, foreign investors purchased approximately 11,000 shares of HYBE.

HYBE has major artists scheduled to return in the second quarter. On the 21st, BTS's digital single will be released, and TXT, NU'EST, and Seventeen are also expected to resume activities. Additionally, Justin Bieber's large-scale U.S. tour and the growth of Weverse are predicted to positively impact earnings.

Hyunyong Kim, a researcher at Hyundai Motor Securities, said, "In the second quarter, album sales recovery will accelerate with BTS's digital single and Seventeen's Japan comeback," adding, "There is also potential for re-rating with the launch of the integrated Weverse within the year."

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