[Featured Stock] BTS Comeback Anticipation... HYBE Stock Price 'Stirs'

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] On the 22nd, HYBE surged as BTS's 2nd quarter comeback and the possibility of inclusion in MSCI Korea were mentioned.

HYBE is trading at 255,500 KRW, up 5.37% (13,500 KRW) from the previous day on the Korea Exchange.

Earlier, KB Securities stated that since major idol groups such as BTS, Seventeen, NU'EST, and GFriend are making comebacks in the 2nd quarter this year, album sales may increase, maintaining a buy rating and a target price of 305,000 KRW for HYBE.

Lee Seon-hwa, a researcher at KB Investment & Securities, said, "Despite one-time costs of about 5 billion KRW due to office relocation expenses, operating profit is expected to be at a favorable level as the proportion of high-margin artist indirect participation revenue increases. Also, from May, Ithaca Holdings' performance will be consolidated, adding 120 billion KRW in sales and 40 billion KRW in operating profit this year. In May, the likelihood of inclusion in MSCI Korea is high, which is expected to have a positive impact on short-term supply and demand."