It is reported that YG’s stock price is increasing significantly. This rise is interpreted as the expectations of the stock buyers for YG’s performance.
At 9:47 PM on September 28, YG Entertainment shares are trading at 55,900 won, increasing 2,900 won (5.08%) compared to the previous day.
According to sources in the stock industry, it is predicted that YG Entertainment will perform better than expectations in the 3rd quarter of this year.
Hana Financial Investment predicted that YG Entertainment’s estimated sales and operating profit would exceed the consensus, and analysts believe YG Plus will also gain the highest performance since its foundation with at least 12 billion won in operating profit.
BLACKPINK’s Weverse sales will begin to be reflected in the performance of YG. Weverse sales have been conservatively reflected, and related sales will be leveled up until offline tours could be held in 2022.
A stock researcher commented, “In the first half of this year, YG’s performance exceeded the market’s expectations one after another. Although its artist lineup is limited compared to other companies, YG still had a great profit-generating effect based on strong fandoms. Expectations for sales and improved profits of YG’s subsidiaries are possible due to the comebacks of their main artists, such as Lisa and BLACKPINK, in the second half of the year.”
On September 10, Lisa made her solo debut and gained extraordinary success. Furthermore, other members of BLACKPINK are highly engaged in the fashion market; all four girls have confirmed their participation in Paris Fashion Week. These are the reasons why YG’s stock price has risen so dramatically.
Source: Kukinews
