There has recently been a trend of buying YG stocks as high expectations for YG’s performance in the near future have been raised
◆ Trading trend by subject
Foreigners and institutions have continuously bought NET stocks for 4 and 8 consecutive days.
During the past month, institutions bought 274,000 NET stocks, while individuals also bought 8,497 ones. On the other hand, 294,000 shares in NET have been sold to foreigners. During the same period, foreigners and individuals accounted for 22.7% and 57.6% of YG stocks’ trading proportion, respectively.
Meanwhile, foreigners and institutions have been operating their parades as NET stock buyers for the past 4 and 8 consecutive days.[Graph] YG Entertainment (66,600 +2.94%) Foreigners/Institutions’ trading trend
◆ Recent analysts’ opinion
The most recent underestimation by Hanwha Investment & Securities, BUY (maintain)
On September 29, analysts Ji In-hae and Jo Eun-ah from Hanwha Investment & Securities talked about YG Entertainment, “China’s idol regulations have resulted in limited earnings damage. We maintain our investment opinion on YG Entertainment, which still has the highest attractiveness compared to its market capitalization in the entertainment industry. As BLACKPINK’s possibility of holding a concert tour in North America in 2022 was evaluated as “highly likely”, the agency could begin to gain post-pandemic benefits soon. It’s time to expect for more rather than worry too much.” Then, they also presented their investment opinion on “BUY” and a target stock price of 77,000 won.