As of 1:30 PM on the 19th, SM is trading at 30,550 KRW, down 0.97% from the previous day. The trading volume is 210,413 shares, which is 50.44% of the previous day's volume. SM is known as a leading comprehensive entertainment company in Korea.
On October 14, Kiwoom Securities researchers Namsoo Lee and Hangyeol Lee stated, "COVID-19 has caused a downturn in the advertising market and cancellations of concerts, leading to poor performance for SM C&C, Dream Maker, and SMJ. However, KeyEast is producing five dramas annually, including Netflix originals and simultaneous broadcasts, making scale expansion visible. When offline concerts resume, SM’s management capabilities are expected to be further maximized. Even if COVID-19 risks persist long-term, Beyond Live concerts held through BLC, established in Japan, are expected to be a good alternative for performance defense." They set SM’s target price at 44,000 KRW.
Over the past five days, individual investors have net purchased 548,614 shares of SM, while foreigners and institutions have net purchased 27,114 shares and net sold 572,081 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.
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