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Jinyoung Park (photo = JYP entertainment) |
[Alpha Biz=(Chicago) Reporter Paul Lee] Kiwoom Securities said on the 20th that there is an album risk for JYP Ent, but these concerns have already been reflected, and the growth color focusing on margins will become clearer. The investment opinion was 'buy' and the target price was 'down' 18.71% from 155,000 won to 126,000 won. The closing price of the previous trading day was 67,500 won.
"We reflected the risk of downsizing of album sales in consideration of the recent drop in sales of Itzi and Enmix and the previous year's high base of Skiz," Kiwoom Securities said. "We will fill the album gap as much as possible by focusing on Japan this year, and JYP 360's steady growth and global partnerships in North America also show sustainability."
JYP Entertainment's sales in the fourth quarter of last year rose 36.3% year-on-year to 157.1 billion won and operating profit rose 47.5% to 37.9 billion won. 4.38 million albums of Stray Kids and 160,000 albums of Niju were reflected, and sales of Stray Kids, TWICE and Niju's performances in Japan, including dome performances, were continued this year.
Kiwoom Securities judged that the risks were fully reflected through the recent fall in stock prices.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
