[TRANS] TVXQ - 100629 Daewoo Says SM Possesses At Least 50 Billion Won In Cash.. The Lawsuit Is Not A Problem

Daewoo Securities Co. Ltd. stated on the 29th that although SM's stocks (041510) (12,950 Won, -3.00%) are plummeting due to the TVXQ lawsuit issue, the dip is nothing to greatly worry about.

Kim Chang Won of Daewoo Securities Co. Ltd. Research Center stated, "The current situation is a good opportunity to buy," and "SM has at least 50 billion Won in cash reserves, so they will be able to easily cover a 3 billion Won compensation lawsuit."

"Their second quarter sales will exceed the ballpark figure," and "In the third quarter, SHINee and BoA's domestic activities, Girls Generation's Japanese activities and Super Junior M's Chinese activities will reap great rewards."


Source: [edaily+Yuaerubi]
Translation credits: jeeelim5@tohosomnia.net
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