On November 23, JYPE stocks rose 5%, and according to reports, the jump is due to news of the agency's upcoming idol groups. Rumors say Stray Kids are making a domestic debut, while two groups, Boy Story and an as-yet unnamed team, will be debuting in China.
A stock insider stated, "The reasons why JYP Entertainment has been undervalued are because of a lack of boy groups and because of low profits in China." The insider further stated JYPE's Chinese boy groups are expected to be a hit overseas.
Stay tuned for updates!