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[Alpha Biz=(Chicago) Reporter Paul Lee] Daishin Securities predicted that the impact of BTS' hiatus will be minimal in HYBE's performance next year. The target price was 330,000 won and the investment opinion was 'buy'.
According to Daishin Securities on the 29th, BTS members' solo albums are expected to be released more than three times next year. Of the four members who joined the military recently, two solo albums and Jin's solo album, which will be discharged in June next year, are expected to be released once.
"BTS mentioned plans prepared to minimize the military flag in communication with fans before joining the military," Daishin Securities said. "The music division's performance next year will be minimal, contrary to concerns."
This year's fourth quarter earnings are expected to exceed existing market forecasts. Sales are expected to reach 717.2 billion won, up 34 percent from a year earlier and operating profit of 92.9 billion won, up 83 percent from the same period last year.
"Records and sound sources performed better than expected in the fourth quarter, and Buypans and other services were strong," Daishin Securities said. "The eighth episode of the BTS documentary was also reflected in the fourth-quarter performance."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
