As of 2:30 PM on the 19th, BigHit is trading at 180,500 KRW, down 0.55% from the previous day. The trading volume is 221,774 shares, which is 53.89% of the previous day's volume.
On November 19, Ji In-hae, a researcher at Hanwha Investment & Securities, stated, "Since BigHit's listing on KOSPI, the stock has fallen approximately 34%, which can be interpreted as a price performance dominated by supply and demand. On November 16, institutional investors resumed trading of 1.33 million shares subject to a one-month lock-up period, and it is judged that the supply-demand issue has been settled for now. With BTS's comeback on November 20, utilization of Weverse, and year-end online and offline concerts, the artist momentum, which is the most fundamental positive factor for entertainment stocks, remains valid. There is a strong possibility of upward earnings revisions, and it is recommended to actively use volatility caused by supply and demand as a buying opportunity." He set BigHit's target price at 260,000 KRW.
Over the past five days, individual investors have net sold 191,467 shares of BigHit, while foreigners and institutions have net sold 17,637 shares and net bought 209,980 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
