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SM Aims for the ‘Trillion Won Market Cap Club’

Rating Rating more Three Stars

2011.11.04 15:38 Mwave Oh, MiJung

SM Entertainment, the agency of top idol groups Girls’ Generation, Super Junior and TVXQ, will soon be able to join the ‘Trillion won market cap club’.

On November 3 SM’s market cap reached 836.8 billion won (50,500 per share). Stock prices for SM, which were about 20,000 won per share in early August, had already reached 30,000 won mid-August.

In September and October the prices continued to rise through 40,000 and finally 50,000. SM’s cap even rose sharply to 959.4 billion won at one point in mid-October.

SM Aims for the ‘Trillion Won Market Cap Club’

The prices must reach at least 60,350 won to make SM eligible for the ‘Trillion won market cap club’.

SM’s stock prices have recently been steadying, but as Girls’ Generation’s new album is soaring high with high sales, some are saying that the agency will soon be able to reach 60,000 won.

Super Junior’s world tour, Super Show 4, due to start on November 19, is also a favorable factor. Super Junior gathered more than 500,000 fans for three of its previous Asia tours, and will be continuing the boom across the world by expanding its Asia tour to a world tour.

The good news continues as TVXQ and SHINee will also be holding Japan tours next year. SHINee is also gathering much popularity in Europe.

With these favorable factors, the market expects the stock for SM Entertainment to soon reach 60,000 won per share.

Photo credit: Kim Byung Gwan

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SM Entertainment 20111104
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