[Market Highlight] Studio Dragon Jumps Over 7% on Second Half Earnings and Stock Price Expectations

Shares of Studio Dragon are showing strong performance, driven by expectations of improved earnings in overseas markets during the second half of the year.

As of 11:20 a.m. on August 8, Studio Dragon was trading at 49,950 won, up 3,300 won (7.07%) from the previous trading day.

Mirae Asset Securities maintained its "Buy" investment rating and a target price of 71,000 won for Studio Dragon on this day.

Kim Gyuyoun, a researcher at Mirae Asset Securities, stated, "We believe that the possibility of improved earnings in the second half and the potential opening of the Chinese market make a stock price recovery possible. Studio Dragon shares have repeatedly surged sharply during periods of strong earnings improvement."

He added, "Genre expansion beyond Korean dramas continues, starting with Japan. The company is pursuing a growth strategy by targeting Japanese dramas, which are seeing increased demand due to low production costs, and American dramas, which can generate absolute profit growth thanks to high production costs."