[Click eStock] "YG Entertainment, Abundant Momentum in Second Half... Target Price Up"

Daishin Securities analyzed on the 7th that YG Entertainment is expected to resolve its discount due to improvements in the artist lineup in the second half of the year. The investment opinion was maintained as 'Buy,' and the target stock price was raised to 65,000 KRW.

Im Su-jin, a researcher at Daishin Securities, said, "This year, a sharp performance improvement is expected with the expansion of activities by Beomon and Treasure, along with the long-awaited full-group comeback of BLACKPINK," adding, "It is highly likely that the BLACKPINK world tour will be announced at a scale exceeding market expectations."

He explained, "In BLACKPINK's previous world tour, there were 66 shows with an audience of 1.8 million, averaging about 27,000 attendees per show," and added, "Considering that the tour started with arena-level venues (16,000 seats) and expanded to dome to stadium-level venues (45,000 seats) in the latter part, it is highly likely that the current tour will record more than 40,000 attendees per show."

He particularly anticipated the possibility of achieving the highest sales ever this year. He stated, "In the first half of the year, significant performance improvement is difficult to expect with Beomon's first world tour, Treasure's mini-album comeback, and fan concerts," but emphasized, "In the second half, we can look forward to new releases confirming Beomon's growth and an expanded world tour, and Treasure also plans to expand the scale of their world tour by extending to more regions."

He added, "With BLACKPINK's full-group comeback and the growth of low-experience IPs combined, operating profit margin (OPM) is expected to rapidly improve from 2.7% in the first half to the 12% range in the second half."