[Special Stock] HYBE Rises Consecutively on Expectations for US Girl Group Debut

Published 13 Apr.2023 09:33(KST)

HYBE is showing a surge of over 5% in early trading on the 13th amid expectations for its U.S. girl group debut project.

At around 9:10 a.m. on the day, HYBE was trading at 249,000 KRW, up 5.73% from the previous trading day on the Korea Exchange. HYBE's stock price has continued its strong performance for eight consecutive trading days. It has risen 31.8% since the beginning of this month.

[Image source=Yonhap News]

The securities industry expects HYBE's U.S. girl group debut project to gain momentum in the second quarter.

Lee Ki-hoon, a researcher at Hana Securities, said, "HYBE's album sales recorded an all-time high even without the full BTS group, who are currently enlisted in the military," adding, "The growth rate of rookie groups such as TXT, NewJeans, and Le Sserafim is steep."