On the outlook of poor first-quarter performance, entertainment corporation HYBE's stock is down approximately 6% as of this morning.
As of 9:35 a.m. on the 9th, HYBE is trading at 215,500 won, down 15,000 won (6.51%) from the previous closing price in the KOSPI market.
The expectation that HYBE's first-quarter (January to March) performance will fall significantly short of expectations is interpreted as a sign of strong selling sentiment.
Kim Yoo-hyeok, a researcher at IBK Securities, noted, "First-quarter operating profit (21.5 billion won) is expected to significantly fall short of the market consensus of 53.1 billion won," adding, "This is due to the lack of album releases except for BSS, Hoshi, and Woosung, and Le Sserafim."
Additionally, first-quarter concert revenue is projected to shrink by 48.6% year-on-year to 74.6 billion won. Kim also remarked, "Artists who had a hiatus in the first quarter are expected to mostly return in the second quarter," adding that there will likely be no significant changes in the annual performance outlook.