[Market Focus] "HYBE Up Over 3% on Expectations for Next Year's Results with BTS Return"

Shares of HYBE are on the rise as the company is expected to achieve record-breaking results next year with the return of BTS.

As of 9:28 a.m. on November 18, HYBE was trading at 303,500 won, up 9,000 won (3.06%) from the previous trading day.

On this day, Hana Securities stated, "With everything coming together, including BTS's world tour next year, HYBE is expected to post all-time high earnings. We continue to recommend it as our top pick," maintaining a buy rating and a target price of 400,000 won.

Lee Kihun, a researcher at Hana Securities, said, "Cumulative costs of over 10 billion won have been reflected through the third quarter, and some additional costs will be reflected for the last time in the fourth quarter, which will lead to weak results." However, he added, "These are merely issues that have been reflected in advance, such as restructuring. It is an effort to eliminate as many one-off issues as possible before reflecting BTS's historic performance next year."

He continued, "There is a need to expect record results and momentum next year," and noted, "In addition to BTS, various rookie groups such as Cat's Eye and Cortis are growing rapidly. The NewJeans issue has also been largely settled for now."

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