YG Entertainment’s stock price rises by 4% on the prospect of renewing contract with BLACKPINK

YG Entertainment (122870)’s stock price is rising on the observation that BLACKPINK will smoothly renew their contract.

According to Market Point, YG Entertainment is trading at 51,700 won as of 9:56 AM on Jan 19th, up 4.13% from the previous trading day.

YG stock

NH Investment & Securities predicted that BLACKPINK‘s contract renewal will proceed smoothly. Lee Hwa Jung, a researcher at NH Investment & Securities, analyzed, “As BLACKPINK’s contract expiration approaches (~August 2023), related concerns are reflected. YG Entertainment’s stock price is still undervalued compared to its competitors.” She then explained, “However, there will be no need to guess and respond negatively in relation to the contract renewal in advance. Considering the practical benefits of both artists and the company, the contract renewal is more likely to proceed smoothly. It’s time to put down excessive concerns.

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Source: Edaily

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