Article: "YG Entertainment never without windy days"...lowered target price due to performance hit
Source: inews24
Securities firms are lowering their target price for YG due to comeback delays.
YG Entertainment recorded its 52-week low stock price on the 19th of last month after fears over Coronavirus increased. At the time, the stock price was at 18,950 won, the agency's lowest price since it went public in 2011.
Analysts stated, "In the wake of Coronavirus, YG idol group BLACKPINK was pushed back to the middle of the second quarter and Big Bang's comeback schedule has been delayed to the second half of the year. There's a lot of uncertainty."
Researcher Kim added, "Given the amount of performance cancellations this year it's unlikely that the stock price will rise again. Sluggish earnings will continue through the first half of the year until Big Bang makes a return to activities."
Uanta Securities predicted that "YG Entertainment is expected to record its largest operating profit as much as 30 billion won if Big Bang makes a comeback this year."
In the meantime, Seungri who was at the center of the entertainment industry's largest controversy "Burning Sun gate" enlisted in the army in March. Attention is being paid to whether all members of Big Bang will stand on stage together in the future.
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