[Infostock Daily= Reporter An Hoe Hyun] Daishin Securities predicted on the 1st that Com2uS's flagship game 'Summoners war' will renew its record high in the fourth quarter of this year. The stock price is expected to rebound from 4Q, and the investment opinion 'BUY' and its target stock price have remained at 160,000 won.
Based on consolidated standards, Com2uS posted 147.5 billion won in sales and 38 billion won in operating profit in the second quarter of this year, up 18.8% and 17.8%, respectively, compared to the same period last year. In particular, overseas sales exceeded 120 billion won for the first time in the quarter thanks to increased sales in North America and Europe. The positive performance in the second quarter was largely due to the 'Summoners war', which achieved the highest sales in the quarter with the update of the sixth anniversary of its launch.
Daishin Securities also saw the fact that the Lost Centuria of RTS(real-time strategy) games using Summoners war IP(intellectual property rights) is about to be released in February next year as a part of raising expectations. Considering that pre-bookings are going on at the end of the year or early this year, the share price can rebound in earnest from 4Q.
"We expect that the current service of Summoners war(RPG) and the Lost Centuria(RTS) will not have an impact on sales erosion due to different genre games," said Daishin Securities, adding, "Although some erosion effects are expected to occur with the Chronicles(MMORPG), we expect the combined sales to increase."
Reporter An Hoe Hyun ahh@infostock.co.kr
