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[Alpha Biz=(Chicago) Reporter Paul Lee] NH Investment & Securities Co. on the 17th judged that market concerns over JYP Entertainment's recent sluggish sales of ITZY and NMIXX are excessive. It maintained its target stock price of KRW 140,000 and investment opinion "buy".
Sales of ITZY's new album, which was released on the 8th, were only 320,000 copies (previously 820,000 copies), and concerns have arisen over sales of NMIXX's new album, which was released on the 15th.
NH Investment & Securities also explained, "Stray Kids Shinbo, which showed initial reverse growth in November last year, continued to sell a total of 4.19 million copies in the fourth quarter."
Meanwhile, NH Investment & Securities expects JYP Entertainment's sales and operating profit in the fourth quarter of last year to be 168.7 billion won and 53.5 billion won, respectively, the highest quarterly performance. This is interpreted as an effect that reflects TWICE and Stray Kids's relationship in Japan in the previous quarter.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
