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| YG엔터테인먼트 블랙핑크. (사진=YG엔터테인먼트) |
[Alpha Biz=(Chicago) Reporter Paul Lee] Hana Securities lowered YG Entertainment's target stock price by 18% on the 4th. This is due to the high dependence on BLACKPINK.
"By changing Black Pink's active family, we adjusted our operating profit outlook to about 50 billion won this year and 90 billion won in 2025," Hana Securities said. "As a result, we will change the target price to 2025 and lower the target price from 78,000 won to 64,000 won."
YG's sales and operating profit in the fourth quarter of last year were 109.4 billion won and 400 million won, respectively. In particular, operating profit fell 98% year-on-year, far below the consensus (7.6 billion won).
Hana Securities predicted that YG's annual performance volatility will increase depending on whether Blackpink is active or not. Analysts say that stock prices are likely to repeat similar types of fluctuations due to BLACKPINK's high dependence on its performance.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
