2023-12-06 23:36:44
Daishin Securities on the 7th YG Entertainment (122870) financial analysischart areaView DetailsIt was predicted that the signing of a new contract with the Blackpink group would result in more than just an increase in performance estimates.
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Blackpink / Photo = YG Entertainment
The investment opinion was maintained at Buy and the target stock price was raised by 12.5% to 90,000 won.
Lim Soo-jin, a researcher at Daishin Securities, said, “We evaluate the renewal of the Blackpink group contract positively as it is expected to have an effect that goes beyond the actual estimate raised,” and added, “The uncertainty regarding the full group’s activities, which was a factor in the discount, has been resolved, and even rookies who will debut in the future, including Baby Monster, are receiving positive reviews.” “It will be effective,” he analyzed.
He also predicted that additional stock prices are expected to rise when Blackpink members’ individual exclusive contracts are announced in the future. Researcher Lim explained, “Although individual exclusive contracts for each member are still being negotiated, this has already been largely reflected in the stock price, so if the renewal of contracts for two or more members is announced, there is a high probability that it will act as a factor in raising the stock price.”
He also said, “In terms of performance, with the renewal of the group’s contract, it is expected that Blackpink will have one annual activity and one solo activity per year. However, from a conservative perspective, it is expected that Blackpink will resume in the order of album → performance from the fourth quarter of next year at the earliest due to Blackpink’s break.” “Accordingly, we expect sales growth due to group renewal to begin in earnest from 2025.”
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