[theqoo] HYBE, STOCK PRICES ARE "DEFENCELESS" AMID" BREACH OF TRUST" WAR WITH MIN HEEJIN

HYBE's stock price has hit a 52-week low due to its dispute with Min Hee-jin, CEO of ADOR. HYBE is facing conflicts related to allegations of breach of trust and management rights usurpation with CEO Min Hee-jin.

On the 25th, HYBE's stock closed at 170,300 won, down 3.95% from the previous trading day. During the day, the stock fell to 170,000 won, marking its lowest price in approximately 1 year and 4 months since March 15 of the previous year.

Oh Ji-woo, a researcher at LS Securities, analyzed, "The issues related to ADOR have prolonged, worsening market sentiment. Therefore, the short-term potential for stock price increases is limited."

Amid the conflict between HYBE and ADOR, the performance outlook also looks bleak. Daol Investment & Securities estimates that HYBE's consolidated revenue for the second quarter will be 662.3 billion won, a 6.6% increase compared to the same period last year, while operating profit is expected to decrease by 17.3% to 67.2 billion won.

Kim Hye-young, a researcher at Daol Investment & Securities, stated, "The second-quarter results are expected to fall below market rate. Despite the release of major intellectual property (IP) albums such as those from SEVENTEEN, TXT, and NewJeans, the profit has declined due to reduced sales volume."

source: https://www.cstimes.com/news/articleView.html?idxno=603347

original post: here

1. Hul it dropped to 170,000 won...

2. Of course it's breach of trust, it'll drop even mor e

3. They're probably all waiting for BTS' full group comeback ㅋ

4. Dugged their own grave tsk tsk

5. The emotional Bang Sihyuk

6. This is good

7. This incident made me realize how scary men's fragile ego can be

8. HYBE is the one breaching trust

9. Just get back to work

10. I'd sell mine too if I were them