Wednesday 20 June 2012 photo 3/7
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Wednesday 20 June 2012 photo 3/7
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Earlier this week, Korea Investment & Securities Co., Ltd. (KITC), one of the major securities firms in Korea, released a mid-year stock report on YG Entertainment. The report outlined business and promotional plans for YGE in the second half of the year. Those plans are nothing shocking or new; however it’s great to know that the recent changes to Korean law regarding digital music sales has resulted in an increase in royalty revenue for 2NE1. and other artists.
The relevant portions of the report have been provided below and highlighted.
When a brokerage issues a “neutral" rating, this means that they expect the stock to perform in line with the expected returns of the market. KTC’s analysis basically means YGE is looking stable, they continue to recommend it as a stock to purchase.
KITC was a major institutional investors specializing in asset management and sales of Korean funds, while Dongwon Securities was a specialist in securities brokerage, investment banking and derivatives trading.
Source: KITC, YGE Mid Year Stock Report
Article by tazanya@ygladies.com