KRX:352820

Nomura Adjusts Hybe's Price Target to KRW250,000 From KRW400,000, Keeps at Buy

Hybe (KRX:352820) has an average rating of buy and mean price target of 346,250 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Hybe's Q2 Attributable Net Income Soars; Sales Jump

Hybe (KRX:352820) posted a 468% year-over-year surge in attributable net income for the second quarter to 102.3 billion won from 18 billion won.The entertainment company's sales surged 105% to 1.45 trillion won for the three months ended June 30 from 705.7 billion won a year earlier, according to a bourse filing on Tuesday.

Nomura Adjusts Hybe's Price Target to KRW400,000 From KRW460,000, Keeps at Buy

Market Chatter: Hybe Shares Slip 3% as Police Seek to Arrest Founder over 2020 IPO Probe

Shares of Hybe (KRX:352820) fell nearly 3% to 2,48,000 won in Tuesday morning trade after the Seoul Metropolitan Police Agency sought to arrest the entertainment giant's founder Bang Si-hyuk on charges of misleading early investors before the company's initial public offering in 2020.Bang has also been accused of concealing profit-sharing arrangements tied to a private equity fund, Bloomberg reported Tuesday.Authorities suspect Bang made about 190 billion won in illicit gains. Bang denies any wrongdoing, according to the report.The probe, referred to by the Financial Services Commission last year, has raised concerns related to governance, it said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)