YG Entertainment Q1 Results Meet Consensus, NH Investment Flags H2 Momentum

NH Investment & Securities [005940] said on the 11th that YG Entertainment [122870] posted first-quarter results in line with consensus, referring to the market’s average forecast. The assessment focused on the fact that YG Entertainment’s quarterly performance did not materially deviate from market expectations. NH Investment & Securities said attention should be paid to momentum in the second half rather than only near-term earnings. As a result, YG Entertainment’s future trend, second-half performance and business developments may be cited as key factors for investment judgment. Source: yna.co.kr