[Featured Stock] JYP Ent. Surges Over 7% on Kickflip Debut Anticipation

JYP Ent. is showing strong performance amid anticipation for the debut of rookie boy group Kickflip.

As of 9:11 AM on the 7th, JYP Ent. is trading at 72,200 KRW, up 5,000 KRW (7.44%) from the previous day.

The news that Kickflip will release their first mini album and officially debut on the 20th is believed to have driven the stock price up. JYP Ent. announced the official debut by opening members' profile images and the album scheduler through Kickflip's official social networking service (SNS) channels the previous day.

Lee Hwajeong, a researcher at NH Investment & Securities, analyzed, "With two artists (Stray Kids, TWICE) capable of Western stadium tours and a new growth driver (Kickflip) emerging, the gradual resolution of the previously biggest weakness?the underperformance of the low-experience lineup?is expected." The fourth-quarter performance last year is also expected to be favorable. NH Investment & Securities forecasted that JYP Ent.'s fourth-quarter sales last year would increase by 9% year-on-year to 170.6 billion KRW, and operating profit would rise by 12% to 42.5 billion KRW, exceeding the consensus (average securities firm forecast).