On the 19th, the Hyundai Security (001500) announced that it will raise its target Shares for SM (041510), which recorded good results in the third and fourth quarters, from the existing 45,000 won to 50,000 won.
Hyundai securities said sales and Heavy Excavator Landslide op in the third and fourth quarters increased by 2.8% and 63.9% from the same period last year to W173.5bn and W19.9bn, respectively, due to strong sales of SM's sound sources and music, and increased domestic and overseas activities of its artists. “The sales of albums such as Baekhyun and Red Velvet recorded about 1.42 million copies, and the number of performances by EXO (EXO) in the global tour and TVXQ increased, and about 300,000 viewers were recognized,” said Yoo Sung-man, a researcher at the Hyde Security Institute.
The results of SM subsidiaries were also positive for the Hyundai security. “SM C&C also achieved its best performance after acquiring Heavy Excavator Landslide op 2.5 billion won this quarter,” said Yoo. “Profitability has improved due to increased advertising execution by new advertisers and reduced costs related to content production.” Keith posted an operating loss of 500 million won in the third and fourth quarters, but it is expected to turn into a surplus in the fourth and fourth quarters, including a planned airing of Psychopath Diaries. In addition, EXO's regular album release in the 4th and 4th quarters and SUPER M's North American tour, which ranked first on the Billboard 200, are expected to increase expectations.
yandai security reports