JYP Entertainment rose in early trading on the 11th. Buying appears to be gathering on expectations in the securities industry that it will post record earnings this year.
As of 10:11 a.m. that day, JYP Entertainment was trading at 66,100 won, up 3,500 won (5.59%) from the previous session.
Hana Securities said in a report that day that JYP Entertainment's operating profit this year will climb 14% on-year to 176.9 billion won, marking an all-time high.
Lee Gi-hoon, a Hana Securities analyst, said, "With TWICE's blockbuster activity in the first half and Stray Kids in the second half, plus contributions from NMIXX, earnings growth is expected," adding, "However, this year's expected price-earnings ratio (PER) is 17 times, which is a considerable undervaluation zone."
Eugene Investment & Securities also projected earnings growth this year for JYP Entertainment. Lee Hyun-ji, an analyst at Eugene Investment & Securities, said, "In the United States, it is strengthening collaboration centered on Live Nation and MD and licensing, and in China, it is continuing its Greater China business through partnerships with CJ ENM and Tencent, so record earnings are expected."