[Featured Stock] JYP Entertainment Surges on Surprise Q3 Earnings

JYP Ent., which recorded surprise earnings in the third quarter, is soaring.

As of 10:39 AM on the 14th, JYP Ent. is trading at 57,200 KRW, up 6.52% from the previous trading day.

JYP Ent. posted third-quarter sales of 170.5 billion KRW, a 22% increase compared to the same period last year, and operating profit of 48.4 billion KRW, up 10%, surpassing market expectations.

Do-young Ahn, a researcher at Korea Investment & Securities, said, “Quarterly earnings have returned to an improving trend, and next year will be a year of profit growth again. The sentiment across the entertainment sector is improving,” adding, “Given the significant stock price decline so far and the fact that quarterly earnings improvement has preceded that of the peer group with poor performance, the re-rating speed is expected to accelerate.”