External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Expectations to begin picking upMaintain TP at W71,000; attractive entry point We maintain our target price of W71,000 on Studio Dragon (based on an EV/EBIT valuation)</li><li>The key drivers of Studio Dragon’s share price are: 1) expectations for earnings improvement; and 2) anticipation surrounding China’s market reopening</li><li>In 1H25, earnings were sluggish due to a weaker drama lineup (compared to in 2H25), and news flows related to China have slowed since May, adding to negative sentiment</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Expectations to begin picking upMaintain TP at W71,000; attractive entry point We maintain our target price of W71,000 on Studio Dragon (based on an EV/EBIT valuation)The key drivers of Studio Dragon’s share price are: 1) expectations for earnings improvement; and 2) anticipation surrounding China’s market reopeningIn 1H25, earnings were sluggish due to a weaker drama lineup (compared to in 2H25), and news flows related to China have slowed since May, adding to negative sentimentContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Studio Dragon (253450 KQ/Buy)Expectations to Begin Picking Up