While Netflix did not win the 45.6 billion Korean won available in Squid Game, the hit series, along with Money Heist, has propelled the company to a strong showing in its 3QFY2021.  

With this, PhillipCapital analyst Jonathan Woo has maintained his “accumulate” call on Netflix with an unchanged target price of US$724 ($975.76)

Woo notes that the company’s 3QFY2021 results are “above expectations”, adding that YTD FY2021 revenue and profits after tax & minority interests (PATMI) is at 75% and 101% of his FY2021 forecasts respectively.


To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook