HYBE to List an Additional 160,088 Ordinary Shares; Investment Rating Set at ‘BUY’ amid Expectations for BTS’s Comeback in 2026

HYBE has decided to list an additional 160,088 ordinary shares. According to the Korea Exchange, this additional listing is resulting from the exercise of conversion rights on domestic convertible bonds, with the listing date fixed at February 12, 2026. The issue price is 218,000 won per share (with a par value of 500 won), and the issuance will take place on January 23, 2026 (for 22,477 shares), and January 28, 2026 (for 137,611 shares). Securities firms continue to offer positive evaluations. Hana Securities released a new report on HYBE on the 13th, assigning an investment rating of ‘BUY’ and setting a target price of 440,000 won. This implies that there is potential for the stock price to rise by 15.6% based on the previous day’s closing price. Lee Ki-hoon, an analyst at Hana Securities, analyzed the situation by saying, “We are approaching BTS’s historic Comeback in 2026.” He added, “Last year alone, over 130 billion won was invested in restructuring and the Debut of new groups, but this year, in addition to BTS’s comeback, there is expectation for growth momentum from successful profit turns by Weverse, along with mega IPs such as CORTIS and KATSEYE.” He also predicted that “since BTS’s world tour will have an impact until at least the second quarter of 2027, there is no need to worry about performance in the short term.” The market remains optimistic. The average target price set by securities firms over the past six months is 422,000 won, representing a 22.4% increase compared to the average target price of 344,722 won in the previous six months. This indicates that securities firms are generally optimistic about HYBE’s future stock price. Hana Securities’ target price of 440,000 won is 4.3% higher than the average target price, but it is 4.3% lower than the highest target price of 460,000 won set by BNK Investment Securities. Investors need to pay attention to changes in the number of shares and dividend-related schedules. HYBE’s standard code for ordinary shares is KR7352820005, with the dividend record date set at January 1, 2025, and the settlement date at the end of December. This capital increase will be carried out through domestic convertible bonds and is expected to proceed according to the scheduled dates and issuance conditions.