[Featured Stock] JYP Entertainment Soars Over 7%... Strong Earnings + Newcomer 1st Album Effect

JYP Entertainment is showing a strong gain of over 6% during trading on the 19th. This is interpreted as investor sentiment being boosted following a third-quarter earnings surprise and news of a rookie group's first album release.

As of 10:27 AM on the day, JYP Entertainment is trading at 63,800 KRW, up 7.41% from the previous day. Currently, foreign investors and institutions are net buying 5 billion KRW and 900 million KRW respectively.

Earlier, JYP Entertainment announced that its consolidated third-quarter revenue increased by 22.1% year-on-year to 170.5 billion KRW, and operating profit rose by 10.4% to 48.4 billion KRW. These figures significantly exceeded market consensus. Meanwhile, on the 18th, a rookie boy group released their first mini album, which is believed to have driven the buying momentum.