[Alpha Biz= Reporter Paul Lee] NH Investment & Securities said on the 9th that YG Entertainment will ease its high dependence on Black Pink by strengthening its new IP (Treasure and Baby Monster) and offered an investment opinion and a target stock price of KRW 65,000.
"The initial sales of the recently released baby monster debut album were 400,000 copies, a new record for all girl groups' debut," said NH Investment & Securities. "This is the effect of proactively securing Asian fandom through programs before their debut."
NH Investment & Securities explained, "This is also supported by the fact that more than half of the initial sales are from China and Japan, and that most of the large buyers of pop-up store products are foreigners."
"Group Treasure continues to grow around overseas performances," NH Investment & Securities said. "The number of confirmed performances per year has increased by more than 120% from last year to 600,000."
"We are expected to ease high reliance on BLANPINK by strengthening new IP," NH Investment & Securities said. "With BLACKPINK's release of the new album and the resumption of the tour next year, significant performance growth will be confirmed."
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
