[Click eStock] "JYP Entertainment, Full Lineup Activation... Albums, Concerts, and Overseas Business All Doing Well"

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jaehee] Daishin Securities on the 6th gave JYP Ent. a 'Buy' investment rating and set a target price of 74,000 KRW.

JYP Ent. is expected to see growth in album sales revenue as its artists are fully active without any hiatus. Most of the affiliated artists have album release plans, with one album scheduled for release each in the second half of the year. In particular, TWICE, which holds the strongest album sales power at JYP Ent., began selling their mini-album on August 26. ITZY also recorded approximately 470,000 copies in initial sales following their album release on July 15, breaking their own initial sales record and is expected to contribute to earnings. Additionally, NMIXX, HEROES, and others are all scheduled to release albums, with album sales expected to increase by 21% compared to the previous year.

Furthermore, concert sales are expected to remain solid due to continuous concert tour plans. This year, Stray Kids and ITZY each have two Seoul performances, along with Stray Kids' world tour in Japan, NiziU's 15 arena tour shows, and ITZY's domestic and North American tour plans, all scheduled through next year.

Lee Ji-eun, a researcher at Daishin Securities, analyzed, "Four rookie groups are expected to debut in different overseas regions next year, adding to the global lineup," and added, "Album sales, concerts, and overseas business are all progressing smoothly."

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