110817 Girl's Generation Japanese album sales exceed expectations
On August 17, Samsung Securities Co. gave a positive review on SM Entertainment for pulling through the second quarter with triumphant results via Girls' Generation's success in the Japanese market, which exceeded expectations.
The Girls' Generation craze is expected to be the key point for results in the second half of the year. With investors' purchases maintained, they have set the targeted stock price at 33,000 won (approximately $33 USD).
Gong Taehyun, a researcher at Samsung Securities Co., stated, "Along with Girls' Generation's official Japanese album selling beyond what was expected, and their general success in the Japanese market, the spreading of K-pop soon after only shows positive signals. Increases in sales for overseas management companies means that the positions of singers in the said company strengthens."
It is expected that results in the second half of the year will be better than that of the second quarter. This is because in the third quarter, the January SM TOWN concert and TVXQ's single album will be released (Editor's note: Although we translated this article directly, we could not find any information anywhere else about a SM TOWN concert DVD release. We'll keep looking into this and keep you up to date.). Then, from the fourth quarter of 2011 to the first quarter of 2012, Girls' Generation's full-length album and concert tour will take place, as well as the SM TOWN concert in Tokyo in September.
Source: Nate
Translated by: ch0sshi@soshified.com
Edited by: michaelroni@soshified.com
