NH Investment & Securities has raised the target stock price of SM Entertainment from 150,000 won to 170,000 won, maintaining a ‘buy’ rating. This follows SM’s strategic collaboration with Tencent Music Entertainment Group (TME), China’s largest music platform, which is expected to facilitate SM’s entry into the Chinese market. The collaboration includes co-producing new artists targeting the Chinese market, with SM overseeing the overall production and the debut expected within the next 2 to 3 years. The partnership will also extend to China’s intellectual property and performance business.
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Auto-posted at: 2025-05-30 09:01:59