60

25

News
Posted by EunhaYi Monday, June 3, 2024

Hana Securities maintains buy rating on HYBE amid speculation regarding NewJeans' future at the company

AKP STAFF

Hana Securities maintained its target price for HYBE at 315,000 won and its investment opinion as 'buy', stating that the attractiveness of the stock has increased.

Researcher Lee Ki Hoon from Hana Securities explained, "While the NewJeans issue is ongoing, the possibility of their departure from HYBE seems unlikely, so the potential for profit adjustment is limited." He further added, "With the fandom solidarity due to BTS Jin's military discharge and the debut of a new girl group in the U.S., as well as the upcoming monetization of the Weverse platform in the second half of the year, positive developments are anticipated."

Regarding the NewJeans issue, the researcher analyzed, "Although HYBE has created an environment where the majority of the NewJeans board can be dismissed, the likelihood of CEO Min Hee Jin's dismissal seems low, given the legal procedures in place." He continued, "The situation has evolved into one where a resolution to this issue can be reached voluntarily, regardless of the outcome of the press conference proposed for reconciliation."

He emphasized, "From the shareholders' perspective, it is important to prove that HYBE's issues are not related to the multi-label system, and rapid mitigation of risks aligns with the majority's interests." He also anticipated, "Once the NewJeans issue is resolved, it will create conditions conducive to fully reflecting positive factors such as the sequential discharge of BTS members and the debut of a girl group in the U.S."


SEE ALSO: Former BigHit employee receives suspended sentence for BTS merch fraud

Shop the story
New Jeans Cover : Billboard Artist Magazine
$38
BTS JIN : VOGUE October 2024
$25
BTS JIN Cover - W Magazine August 2024
$24
[WEVERSE POB] NewJeans - 2nd Single [How Sweet] (Standard ver.) (SET)
$125
  1. BTS
  2. Jin
  3. Min Hee Jin
  4. NewJeans
53 13,504 Share 71% Upvoted
 
Golde
Golde31 pts Monday, June 3, 2024 12
Monday, June 3, 2024

The only way the shares will rise is with the progressive discharge of bts members from military service and their return to the stage, newjeans is a rookie group that represents only 5% of hybe's profits, and it also depends completely on hybe because it is not self-financing, ador is not an independent and autonomous label like big hit

12 (+19 / -7)
Share

12 more replies

 
FinishedFinn
FinishedFinn135 pts Tuesday, June 4, 2024 1
Tuesday, June 4, 2024

Of course the stock bounces up: Jin is coming back, he rest of BTS will be back next year. Seventeen and TXT are making very protitable tours, with SVT selling hugely also in albums, and TXT selling out Madison Square Garden in NYC two nights - the first K-pop group to do so.

7 (+7 / -0)
Share

1 more reply

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Jung Woo Sung, Moon Ga Bi
Jung Woo Sung, Moon Ga Bi
HaHa, Jung Hyung Don, Jung Woo Sung, Gil, Moon Ga Bi, Park Myung Soo
Bang Si Hyuk, Min Hee Jin, NewJeans
Jung Woo Sung, Moon Ga Bi
Jung Woo Sung, Moon Ga Bi
Jiyeon
DickPunks
TWICE
ATEEZ
Jung Woo Sung, Moon Ga Bi
BTS, V, Park Hyo Shin
Bang Si Hyuk, Min Hee Jin, NewJeans
Jung Woo Sung, Moon Ga Bi
Stray Kids
New Message

SEND