[Featured Stock] SOOP, 7.09%↑ on Expectations of Overseas Business Growth

The stock price of SOOP (formerly AfreecaTV) is on the rise. As of 9:32 AM on the 20th, SOOP was trading at 113,300 KRW, up 7,500 KRW (7.09%) from the previous trading day.

Changyoung Lee, a researcher at Yuanta Securities, stated about SOOP, "This year, the price-to-earnings ratio (PER) is at an undervalued level of about 11.2 times. Considering the continuous performance improvement in the second quarter and the second half of the year, as well as growth momentum from overseas business expansion as key investment points, I recommend buying." He maintained a buy rating and a target price of 140,000 KRW.

Researcher Lee added, "With the launch of overseas live streaming services, the number of top local streamer contents in Thailand, where live streaming has high growth potential, has increased. As a result, traffic is rising."

He also said, "Due to the platform migration effect of high-spending Twitch users and a sharp increase in advertising revenue, second-quarter sales are expected to reach 103.2 billion KRW, up 19% from the same period last year, and operating profit is projected to be 30.7 billion KRW, a 30% increase. The results are expected to exceed market expectations."