Entertainment stocks are showing a strong performance with the comeback of major artists.
As of 9:20 a.m. on August 3rd, YG Entertainment (1.46%), HYBE (2.11%), SM (2.33%), and JYP Ent. (3.43%) are all on the rise compared to the previous trading day.
Due to the resumption of offline concerts, positive performance is expected in the second quarter, and investor sentiment in entertainment stocks is believed to have greatly improved.
In September, YG Entertainment is set to have prepared a comeback for BLACKPINK. BLACKPINK, who will return with their new album ‘Born Pink’, is also scheduled to have a world tour in October.
JYP Entertainment has also renewed its contract with all TWICE members and the group is scheduled to make a comeback this month.
SM’s girl group aespa released their second mini-album “Girls” on the 8th of last month, which achieved 1 million copies for the first time in K-pop girl group history.
HYBE, which suffered a slump due to BTS’s enlistment issue, recently released the new girl group NewJeans who surpassed 444,000 album pre-orders in just three days.
Park Da-gyeom, a researcher at Hi Investment & Securities, said, “Domestic entertainment companies have entered the structural growth section through globalization and digitalization of the idol industry. Their global fandom expansion is continuing regardless of the economy.”
Source: wowtv
