Hana Securities maintained its target price for HYBE at 315,000 won and its investment opinion as 'buy', stating that the attractiveness of the stock has increased.
Researcher Lee Ki Hoon from Hana Securities explained, "While the NewJeans issue is ongoing, the possibility of their departure from HYBE seems unlikely, so the potential for profit adjustment is limited." He further added, "With the fandom solidarity due to BTS Jin's military discharge and the debut of a new girl group in the U.S., as well as the upcoming monetization of the Weverse platform in the second half of the year, positive developments are anticipated."
Regarding the NewJeans issue, the researcher analyzed, "Although HYBE has created an environment where the majority of the NewJeans board can be dismissed, the likelihood of CEO Min Hee Jin's dismissal seems low, given the legal procedures in place." He continued, "The situation has evolved into one where a resolution to this issue can be reached voluntarily, regardless of the outcome of the press conference proposed for reconciliation."
He emphasized, "From the shareholders' perspective, it is important to prove that HYBE's issues are not related to the multi-label system, and rapid mitigation of risks aligns with the majority's interests." He also anticipated, "Once the NewJeans issue is resolved, it will create conditions conducive to fully reflecting positive factors such as the sequential discharge of BTS members and the debut of a girl group in the U.S."
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The only way the shares will rise is with the progressive discharge of bts members from military service and their return to the stage, newjeans is a rookie group that represents only 5% of hybe's profits, and it also depends completely on hybe because it is not self-financing, ador is not an independent and autonomous label like big hit
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