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Posted by AmieAmore 11 days ago

YG Entertainment reportedly prepared for a full-fledged global fandom collaboration with HYBE

AKP STAFF

On April 5, NH Investment & Securities maintained its target stock price of 62,000 KRW (55.11 USD) and have issued a "buy" rating for YG Entertainment's stock. They cited the company's full-fledged global fandom business collaboration with HYBE and the comeback of their legendary artist, Big Bang, this year. YG Entertainment stock traded at 46,000 KRW (40.89 USD) per share as of the closing of the KOSDAQ market on April 5.

Lee Hwa Jung
, a researcher at NH Investment & Securities, said, "The growth of BLACKPINK's and TREASURE's global fandom sales through the collaboration with HYBE and the increase in album sales through Big Bang's comeback will be noticeable in the short term." She continued to say, "We expect a momentum increase once the conditions of the COVID19 is eased and Big Bang and BLACKPINK will be able to resume their stadium tours."


Researcher Lee Hwa Jung also predicted, "The group TREASURE topped the Oricon album chart upon their official debut in Japan. Assuming that the sales volume of the group's Japanese album reaching number 1, the sales of the Japanese album alone will reach 2.5 billion KRW (2.35 million USD) this year."

She concluded by saying, "We forecast YG's overall sales and operating profit based on the first quarter will be 71.3 billion KRW (63.4 million USD) and 5.2 billion KRW (4.6 million USD) respectively. BLACKPINK had already proven their global fan base with their first online concert ticket sales and Rose's solo album sales. Also, there is an expected additional growth in global sales once BLACKPINK enters the Weverse shop."



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22

Rorirang
Rorirang26 pts 11 days ago 1
11 days ago

All I read was that BiGBANG may comeback..... I'm in tears

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Starsenna
Starsenna592 pts 11 days ago 2
11 days ago

It basically says that YG’s artist will join Weverse, make use of the shop and be able to grow their sales. Weverse is honestly such an easy app and a great way to connect with the artist and buy content and tickets.

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