[Featured Stock] YG Plus Rises Strongly on YG Entertainment's Strong Earnings

YG PLUS (YG Peullaseu) is showing strong performance in the early trading session. This is interpreted as a buying spree following YG Entertainment's announcement of better-than-expected results for the fourth quarter of last year.

As of 10:13 AM on the 28th, YG PLUS is trading at 6,050 KRW, up 7.08% (400 KRW) from the previous close.

Today's stock price appears to have been driven up by YG Entertainment's strong performance and a series of positive forecasts from the securities industry. YG PLUS is responsible for distributing YG Entertainment's music and planning merchandise (MD).

Earlier, YG Entertainment's consolidated sales for the fourth quarter of last year were preliminarily estimated at 104.1 billion KRW, with an operating profit of 1.3 billion KRW. This was a surprising performance that exceeded the market's expectation of a 5.4 billion KRW operating loss. Consequently, YG Entertainment also rose 2.43%, hitting a 52-week high of 64,700 KRW during the session.

Kim Min-young, a researcher at Meritz Securities, explained, "The monetization phase of low-experience and new intellectual property (IP) is starting earlier than expected," adding, "It is estimated that the change in scale of Treasure and Baby Monster drove the performance."

YG Entertainment's outlook for this year's performance is also rosy. This is as the 'flagship stars' Blackpink, Winner, and Akdong Musician return to the stage. Baby Monster is embarking on a world tour just one year after debut, and Treasure plans to release a special album next month along with a full-length album in the third quarter.