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| ▲ This photo shows, a sign of HYBE (Yonhap) |
SEOUL, July 1 (Yonhap) -- Yuanta Securities Korea lowered 40 percent of targeted price of HYBE from 420 thousand Korean won to 252 thousand Korean won based on the expectation of their profit estimate.
Research Assistant Lee Hae-in describes “Based on the fact that BTS will focus on their individual works it is inevitable that BTS’s performance will be graded downwards.” adding “Operation profit of 2023 and 2024 have been revised accordingly, 47percent and 35 percent lower than before.”
According to the researcher Lee Hae-in the uncertainty of the global tour as a whole group lead to decrease in expected sales for the concerts from 594.3 billion Korean won to 209.43 billion Korean won which is 47 lower than before.
“Despite of the decrease in expected sales, influx of the profit from individual activities, unit and solo tours can still be a factor on upward adjustment.” announced researcher Lee Hae-in while recommending on buying the stocks of HYBE
Moreover, “There will be no problem hitting the 20 billion Korean won mark on the operation profit. All 7 of the BTS members will release their solo projects, SEVENTEEN, Tomorrow X Together and ENHYPEN will bring in over 200 billion Korean won in business profit from concerts.” announced researcher Lee Hae-in from Yuanta securities Korea.
Stock price of HYBE which roamed around 200 thousand Korean won plummeted down to 130 thousand Korean won on June 14 due to BTS’s announcement to pause their group activity.
The stock price of HYBE on Friday at 2:25 p.m. is 139 thousand Korean won.
(This article is translated from Korean to English by Joonha Yoo.)
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