[Click eStock] JYP Ent.'s Proactive Moves... Target Price Raised

[Asia Economy Reporter Hwang Junho] On the 27th, KB Securities raised the target price of JYP Ent. from 69,000 KRW to 72,000 KRW, an increase of 4.3%.

The reason for the target price increase was attributed to the resumption of world tours and the debut of new artists. Tours in the Americas and Japan are expected for TWICE, Stray Kids, and NiziU. Next year, a total of four artist groups are scheduled to debut in Korea, Japan, China, and the United States. Accordingly, KB Securities has raised its estimated average annual operating profit growth rate for this year and two years later from 12.3% to 13.4%.

JYP Ent.'s consolidated sales for the first quarter of this year are estimated to have increased by 103.8% year-on-year to 65.9 billion KRW. Operating profit is expected to record 21.1 billion KRW, up 53%. This meets market expectations.

Although the first quarter is usually a period when artists regroup, JYP Ent. was the most active among the four major entertainment companies, with main artist Stray Kids releasing an album (3/18) and TWICE conducting a North American tour (2/15~2/27, 7 shows). The debut of rookie group NMIXX has also positively expanded the pipeline.

Lee Seonhwa, a researcher at KB Securities, stated, "Active activities will continue in the second quarter of this year," adding that Stray Kids will conduct a total of 18 world tour shows in Korea, Japan, and the United States, and TWICE is scheduled for 3 shows in Japan and 2 in the United States."

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