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HYBE |
[Alpha Biz= Reporter Kim Minyoung] On the 16th, Eugene Investment & Securities projected that HYBE will continue to experience poor performance. They maintained their 'Buy' rating while lowering the target price from 310,000 KRW to 290,000 KRW. The previous day's closing price was 188,200 KRW.
Eugene Investment & Securities estimated HYBE's second-quarter sales to be 655 billion KRW, a 5.5% increase year-on-year, and operating profit to be 64.3 billion KRW, a 20.9% decrease year-on-year, falling short of market expectations.
The firm expects the stock's upward momentum to be limited for the time being. "The continued poor performance in the first half and the unresolved ADOR issue will likely restrict the stock's upward movement in the short term," said Eugene Investment & Securities.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
