As of 1:30 PM on the 16th, YG Entertainment is trading at 43,600 KRW, down 2.9% from the previous day. The trading volume is 396,565 shares, which is about 22.48% of the previous day's volume. YG Entertainment is known as a company engaged in entertainment management and related businesses.
On October 13, Hana Financial Investment researchers Kihoon Lee and Dakyum Park stated, "The expected operating profit for Q4 is 8.2 billion KRW (OPM 11.5%), which is expected to be the highest performance in the past two years. This is due to 1) album sales alone expected to reach 1.73 million copies considering BLACKPINK’s full album (1 million copies), TREASURE’s two releases, and Song Minho’s solo album (the highest annual sales of 800,000 copies since YG’s founding), and 2) the rapidly increasing sales to China by BLACKPINK (including Lisa and the full group’s advertisements and music sales)." They set the target price for YG Entertainment at 64,000 KRW.
Over the past five days, individual investors have net purchased 891,143 shares of YG Entertainment, while foreigners and institutions have net purchased 34,170 shares and net sold 905,872 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
