Monday, June 27, 2011

SHINee made a contribution on SME's uprising stock!


The stock prices for SM Entertainment (KOSDAQ: 041510) recently ended at 20,150 won ($18.68 USD), up 6.61% from the previous day. On June 24 at 9:13 AM, SM Entertainment stocks were being traded at 19,400 won ($17.98 USD), 2.65% more than on June 23.

Less than two weeks ago, SM Entertainment saw its stock prices rising shortly after the SMTOWN concert in Paris. This time around, the increase in sales has been partially attributed to SHINee's success in Japan.

With the help of YouTube marketing, SHINee's debut single "Replay -君は僕のeverything-" immediately reached second place on the Oricon charts. Since its release on the 22nd, it has maintained its strong position on Japanese charts.

Daewoo Securities commented that SM artists are doing very well overseas, suggesting a stock target price of 30,000 won ($27.81 USD) for SM Entertainment to aspire to. Researcher Kim Changkwon stated, "They're becoming an international music company. They've proven their 'contents creativity/development', and a lot of investment opportunities have arisen from Europe, North America, and South America."

Source: Business Week, SBS CNBC, and Yonhap News; koreaboo

1 comment:

  1. it's about time SM should take an eye on SHINee now!! tsk!

    ReplyDelete