[Click eStock] "HYBE, Albums, New Debuts, and Platform All Sailing Smoothly"

Daishin Securities Report

[Asia Economy Reporter Minji Lee] Daishin Securities on the 6th issued a buy rating and a target price of 210,000 KRW for HYBE. This is based on the judgment that this year’s album releases, concerts, rookie debuts, and platform business will all proceed smoothly.

In the second half of this year, most of the affiliated artists are expected to release albums. Although album sales are expected to decline compared to the second quarter when BTS released an album, it is positive that most artists other than BTS plan to release albums and subsequently hold concerts.

To fill the gap left by BTS’s tour hiatus, Seventeen, TXT, and Enhypen all plan to conduct world tours in the second half of the year. The combined revenue from the three teams’ world tours, including online concerts, is estimated to be approximately 116.2 billion KRW. Researcher Lee Ji-eun of Daishin Securities explained, “Considering that TXT and Enhypen, despite being relatively new, are conducting world tours including North America, their global activities are expected to become even more active in the future.”

At the end of this year, a Japanese boy group is scheduled to debut. It is understood that they have already secured a sufficient fandom by broadcasting related audition programs as Japanese TV shows. Next year, a girl group planned in partnership with UMG is set to debut locally in the United States.

Recently, through the Weverse 2.0 update, the integration with V LIVE has been completed. With the V LIVE service ending at the end of this year, V LIVE users are expected to transition to Weverse. Researcher Lee Ji-eun explained, “With the upcoming entry of major artists under Ithaca Holdings, a global user increase is also anticipated.”

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