HSBC has raised its target price for Hybe, the company behind Kpop sensation BTS , even as the band's March comeback concert in Seoul drew a smaller crowd than expected. The bank reiterated its "buy" rating for the stock, increased its target price for Hybe to 500,000 won ($332) from 420,000 won and gave it a 31% upside potential in a note to investors. HSBC also addressed "the market's three big ...
HSBC has raised its target price for Hybe, the company behind Kpop sensation BTS , even as the band's March comeback concert in Seoul drew a smaller crowd than expected. The bank reiterated its "buy" rating for the stock, increased its target price for Hybe to 500,000 won ($332) from 420,000 won and gave it a 31% upside potential in a note to investors. HSBC also addressed "the market's three big questions" for Hybe. "As the BTS comeback is well-known, where can positive surprises come from?" HSBC analyst Junhyun Kim wrote. The strength of demand for BTS's forthcoming world tour is one such positive, Kim noted, leading the bank to increase its estimation of the show's total audience from 3 million to 3.5 million. Ticket prices, which the bank estimated to be around 220,000 won, were increased to 300,000 won. The second question is whether Hybe can keep up momentum during the 2027 leg of BTS' tour, Kim said. HSBC predicted operating profit growth of 18% year-on-year in 2027 thanks to the increased BTS shows as well as "robust" interest in Hybe's "rookie artists," such as South Korean boy band Cortis and global girl group Katseye. Investors are also asking whether Hybe can monetize music genres beyond Kpop, HSBC said. Katseye, based in Los Angeles, gave the company "valuable experience in the global pop music market." "We expect the company to manage production costs more efficiently in the future, while monetising global IPs by hosting offline concerts at a faster pace than K-pop artists' usual path for world tours," Kim wrote. The seven-member group performed live in Seoul's Gwanghwamun Square on Saturday with about 100,000 people in the crowd, falling short of a 260,000 forecast. Shares in Hybe's stock fell 15% on Monday. Despite this, HSBC maintained its March 18 target price for the stock, the bank confirmed to CNBC via email on March 25. Analyst Jiwoo Oh from CGS International similarly retained her "Add" call, with a target price of 480,000 won in a March 19 no...
(RTTNews) - The Malaysia stock market has tracked higher in two of three trading days since the end of the two-day slide in which it had slumped more than 20 points or 1.1 percent. The Kuala Lumpur Composite Index now sits just above the 1,710-point plateau although it's expected
(RTTNews) - The Malaysia stock market has tracked higher in two of three trading days since the end of the two-day slide in which it had slumped more than 20 points or 1.1 percent. The Kuala Lumpur Composite Index now sits just above the 1,710-point plateau although it's expected
In this article .HSI .N225 .AXJO @DJ.1 @SP.1 @ND.1 Follow your favorite stocks CREATE FREE ACCOUNT The Tokyo Tower stands amid buildings at dusk in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to fall Monday as the Middle East war entered its fifth week. Yemen's Houthi movement said Saturday it had fired missiles at Israel , marking its first direct involvement ...
In this article .HSI .N225 .AXJO @DJ.1 @SP.1 @ND.1 Follow your favorite stocks CREATE FREE ACCOUNT The Tokyo Tower stands amid buildings at dusk in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to fall Monday as the Middle East war entered its fifth week. Yemen's Houthi movement said Saturday it had fired missiles at Israel , marking its first direct involvement in the U.S.- and Israeli-led war against Iran. In a post on X, Houthi spokesperson Yahya Saree said the group launched a barrage of ballistic missiles at what it described as sensitive Israeli military sites, in support of Iran and allied Hezbollah forces in Lebanon. The strike signals a further escalation in a conflict that began with U.S. and Israeli airstrikes on Iranian targets on Feb. 28. Oil prices were higher in early Asia trading hours. West Texas Intermediate crude futures were up 2.58% at $102.19 per barrel. Australia's S&P/ASX 200 slid 0.94% in early trade. Japan's Nikkei 225 was poised to fall, with the futures contract in Chicago at 50,630 and the Osaka contract at 51,250 compared with the index's previous close of 53,373.07. Hong Kong's Hang Seng index futures were at 24,630, lower than the benchmark's last close of 24,951.88. In the U.S., futures tied to the Dow Jones Industrial Average dropped 253 points, or 0.6%. S&P 500 futures and Nasdaq 100 futures lost 0.5% each. Last Friday, the Dow Jones Industrial Average tumbled and fell into correction territory. The 30-stock Dow fell 793.47 points, or 1.73%, to close at 45,166.64. The S&P 500 lost 1.67% and ended the session at a seven-month low of 6,368.85. The Nasdaq Composite dropped 2.15% and settled at 20,948.36. The broad market index notched its fifth straight weekly decline, dropping 2.1% in the period. The tech-heavy Nasdaq slid 3.2% week to date, while the blue-chip Dow retreated 0.9% for the week. — CNBC's Sean Conlon and Lisa Kailai Han contributed to this report. Choose CNBC as your preferred source o...
Hong Kong’s traditional Chinese dining landscape is undergoing a structural overhaul, with a leading restaurant operator pivoting to experiential dining and smaller footprints amid a wave of closures and residents heading across the border for shopping and dining. Traditional dim sum and Chinese restaurants have been closing across the city, including three Star Seafood Restaurant branches in dist...
Hong Kong’s traditional Chinese dining landscape is undergoing a structural overhaul, with a leading restaurant operator pivoting to experiential dining and smaller footprints amid a wave of closures and residents heading across the border for shopping and dining. Traditional dim sum and Chinese restaurants have been closing across the city, including three Star Seafood Restaurant branches in districts such as Wong Tai Sin, and the 35-year-old Metropol Restaurant in Admiralty. Martin Lee, chief...