SNSD’s “Mr. Taxi” Predicted To Boost SME’s Stocks
With SNSD’s upcoming April 27th release of “Mr. Taxi”, SM Entertainment is looking for an increase in Japanese stock value.
SM Entertainment is in high anticipation of the release of SNSD’s upcoming Japanese album “Mr. Taxi” in order to boost their stocks even further after the slight stumble following the recent natural disaster in Japan.
Due to be released tomorrow, April 27th, the public’s anticipation of SNSD’s “Mr. Taxi” has already been reflected in SME’s stocks, as on April 25th the company reported a sharp increase in the value of its stocks, as their shares significantly increased to 1.12 million shares from 280,000 shares.
Following a slow month in March as a result of the devastation caused by the natural disaster, SME is looking to “Mr. Taxi” as a means kick start its Japanese stocks. According to SME, the extended play will include the title song “Mr. Taxi”, as well as “Run Devil Run”, and from there, the girls will begin to conduct promotional activities in Japan.
In regards to SME, a Samsung stock researcher, Gong Tae Hyun stated, “With the recent Japanese earthquakes, people’s mindsets towards investing in SME became less optimistic. But because Girls’ Generation will soon resume Japanese activities, the public is less skeptical now. Girls’ Generation has recorded the biggest sales in terms of Japanese activities, which reflects in the first 4 quarters. If the SM Town concert in Japan is confirmed for 2011, results will further improve.”
Source : GoKpop