SM expands metaverse presence with its own content (Korea Investment & Securities Co.)
SM expands metaverse presence with its own content (Korea Investment & Securities Co.)
  • 이동훈 기자
  • 승인 2021.11.17 08:39
  • 최종수정 2021.11.16 14:20
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Korea Investment & Securities raised its target price by 19% from 85,000 won to 100,000 won, reflecting its stable main business and expectations for a recovery of its subsidiaries in the fourth quarter. The investment opinion remained 'buy'.

The expansion of influence using metaverse was also cited as growth momentum.

SM's third-quarter sales rose 34% year-on-year to 154.4 billion won and operating profit turned to 14.1 billion won.

Korea Investment & Securities explained that sales were in line with estimates, but operating profit fell below the consensus due to bonuses and one-off costs related to the relocation of its office building in the first half of the year.

SME sales and operating profit rose 57% and 18.9% year-on-year to 92.2 billion won and 17.5 billion won, respectively.

Dear U's operating profit also reached 4.2 billion won, the highest quarterly profit ever. In the fourth quarter, the company also predicted that its subsidiaries will begin to recover in anticipation of peak season for entertainment, advertising and drama.

It is also highlighted that it is an entertainment company with the largest number of K-pop IPs in the metaverse era.

Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com


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