TWICE effect to chase high-flying SM closely 'enter industry top spot'
JYP Ent. has surpassed 1 trillion won in market capitalization for the first time since listing on the KOSDAQ market. Park Producers and Creativity General Manager (CCO) have more than doubled their stake value in three years.
According to the Korea Exchange on the 23rd, JYP closed at 29,000 won, up 1.22% from the previous trading day. The market capitalization of the closing price was 1.10 trillion won, which means that JYP has exceeded 1 trillion won in market capitalization on the 21st, but this is the first time that it is 1 trillion won based on closing price.
JYP jumped to 34,450 won in the morning and climbed to 30,000 won for the first time in history. It surged 32% during the period, rising for seven trading days since the announcement of 2Q results on the 14th.
The value of Park Producers' stake has also soared. Park Producers owns 5,593,867 shares (16.09 percent stake) of JYP based on the first half of this year's report, so the value of the stake reached 162,222.11 million won based on the closing price of the previous day. Compared to the fact that Park Producers' stake was only 25.17 billion won on October 20, 2015, the debut date of TWICE, which was the "first place" of JYP earnings growth in recent years, his stake value has increased nearly 6.5 times over three years.
In fact, JYP's stock price surged from 4,500 won to 29,000 won in the same period, exceeding 10,000 won for the first time in September last year, and exceeding 20,000 won in March this year, half a year later. The company's operating profit stood at 4.2 billion won in 2015, but it increased sharply to 13.8 billion won in 2016 and 19.5 billion won last year. This year, the company also achieved a quarterly record-high earnings in 2Q09, achieving a total operating profit of W10.4bn in the first half of the year, and its annual operating profit is expected to exceed W30bn.
The main role was TWICE, too. According to the Gaon chart, the total sales volume of nine domestic records of TWICE exceeds 2.6 million. In general, popular girl groups are also considerable considering the current record market, which is difficult to raise sales of more than 100,000 copies per record. There are eight music videos with more than 100 million views on YouTube, and next month, the company is planning to release its first regular album in Japan and tour the Arena.
Park Producers is closely following Lee Soo-man, the largest shareholder of SM and the largest shareholder of entertainers. Currently, Lee's stake value is about W208.0bn, and the difference with Park Producers is less than W40bn.
JYP's next goal is the "top market cap" in the entertainment industry. Currently, SM's market cap is 1.47 trillion won, which is about 36 billion won different from JYP. At one time in the morning, it narrowed the gap to less than 20 billion won. However, SM is also likely to continue its "tension relationship" for the time being due to the good stock price trend, such as rising more than 18% over the past seven trading days.