[Infostock Daily= Reporter An Hoe Hyun] IBK Securities maintained its investment opinion 'Buy' and target stock price of 170,000 won on the12th, saying Com2uS has entered a full-fledged cycle of new game.
Com2uS's third · fourth quarter earnings are estimated to reach KRW 128.8 billion in sales, up 10.9% from a year earlier, and KRW 27.3 billion in operating profit, down 12.8%.
"The external type fell below expectations as sales of 'Summoners War' and baseball lineup, which recorded the highest performance in the second quarter, fell," the company explained, adding, "Profitability will slow down due to increased labor and branding marketing costs."
Meanwhile, Summoners War IP(intellectual property rights) is expected to start a new game momentum cycle in full swing.
"Earnings are expected to improve with the reflection of SWC in the fourth quarter and year-end promotions," the company said, adding, "We expect external growth with the addition of sales of 'Summoners War: Lost Centuria' from the mid to late first quarter and 'Summoners War: Chronicles' in the second half of the year." Also, "'Summoners War: Lost Centuria' is a real-time war strategy genre, so overall sales growth will accelerate in the second half of the year," the company predicted.
Reporter An Hoe Hyun ahh@infostock.co.kr
