YG Entertainment, Sales of digital contents have increased in earnest(eBEST Investment & Securities)

[Infostock Daily= Reporter An Hoe Hyun] eBEST Investment & Securities predicted on the 25th that YG Entertainment's sales will increase in earnest this year, focusing on digital content. The investment opinion was Buy, and the target stock price remained at 63,000 won.

"We expect this year's sales and operating profit to rise 25.0% and 202.8% year-on-year to 319.1 billion won and 22 billion won, respectively," the company said and predicted, "It is the only company among the three entertainment companies to sign strategic cooperation with Big Hit and is expected to increase sales of digital content targeting the global market in earnest through online platforms."

"With the resumption of offline concerts uncertain in the second half of the year, the expansion of digital content-oriented business areas will serve as a momentum for the company's performance," the company explained.

"Starting with Black Pink, artist activities such as Big Bang and iKON can gradually resume by the end of this year," the company said and evaluated, "In particular, the company has a high potential pent-up demand for the comeback of artists other than Black Pink and resumption of concerts due to the artist lineup that are concentrated on one~two teams and long hiatus."

Reporter An Hoe Hyun ahh@infostock.co.kr