[Click e-Stock] "Superstars Set for Comeback at ○○ Entertainment in the Second Half of the Year"

SK Securities has lowered its target price for YG Entertainment from 100,000 won to 82,000 won, while maintaining its buy recommendation.

On April 23, SK Securities analyst Park Junhyung stated, "We have reflected a downward revision in earnings per share (EPS) due to the exclusion of Blackpink concert estimates, as well as a decline in sector valuation."

The operating profit forecast for the first quarter of this year is 20.5 billion won, which is in line with the market consensus of 20.3 billion won. Analyst Park commented, "We expect strong performance in the first quarter this year due to a base effect from BabyMonster's exclusive activities," but added, "However, the number of concerts has decreased significantly compared to the previous quarter's total of 36 shows, so concert-related revenue is expected to slow down."

From the second half of this year, there could be new momentum for performance growth. Analyst Park said, "A new album release from BabyMonster is scheduled for next month, and TREASURE's new album will be released in June. BabyMonster will embark on its second world tour, and TREASURE will hold fan concerts mainly in Korea and Japan. During their previous tour, BabyMonster attracted around 400,000 attendees, and this upcoming tour is expected to be even larger in scale due to expanded regions and increased artist recognition."

He added, "In the third quarter of this year, BIGBANG will also make a comeback to mark their 20th debut anniversary. At the Coachella Festival, they performed on April 12 and April 19 local time, ranking fifth in concert viewership during the first week, which demonstrates continued strong global interest."

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