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| (사진=와이지엔터테인먼트) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] YG Entertainment, once the leading player in the entertainment industry, is rebounding.
YG Entertainment closed at 66,200 won on the 3rd, up 3.28%. It's up 13.16% over the last five trading days. YG Entertainment's market capitalization is 1.2356 trillion won, which is one-tenth of HIVE (12.2644 trillion won) and one-third of JYP Entertainment (3.3652 trillion won).
YG Entertainment was ranked as the leading stock in the entertainment industry until 2017. Since then, it has been pushed back from its market capitalization rankings due to its steady pace of 25 times and SM Entertainment's four times.
Although artists such as Big Bang have been rumored one after another, YG Entertainment's performance is idolizing every year. YG Entertainment's operating profit consensus (average estimate of securities firms) is expected to reach 67.5 billion won this year, up 58.5% from the previous year. The figure is 11 times higher than three years ago (6 billion won).
Thanks to the popularity of BLACKPINK while there was no BIGBANG, it has achieved its highest-ever performance since its establishment. However, the excessive dependence on BLACKPINK is considered an unstable factor. BLACKPINK's contract with YG Entertainment will expire in August.
Some analysts say that attention should be paid to the new girl group "Baby Monster," which is set to debut on the 12th, rather than to renew BLACKPINK's contract. Baby Monster is YG Entertainment's first girl group in about seven years since Black Pink. It consists of three Koreans, two Thais and two Japanese. Even before his debut, he had nearly 2 million YouTube subscribers and more than 350 million views.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
