[Infostock Daily= Reporter An Hoe Hyun] Daishin Securities maintained its target stock price of 950,000 won on the 16th by maintaining the BUY of investment opinion on NCSOFT.
"Although the Korean launch of Blade & Soul 2, which was scheduled for the end of this year, and the possibility of a delay in the overseas launch of Lineage 2M are being highlighted, it is understood that it is exploring more efficient marketing timing," the company explained.
Blade & Soul 2 will be released in March 2021, and Lineage 2M in Taiwan and Japan will be released in mid-February and June 2021, respectively. As a result, the 2020 earnings estimate has been lower than before.
However, the company explained that it is only a slight delay in schedule, and that long-term investment points remain unchanged.
Daishin Securities expects sales of 564.2 billion won and operating profit of 203.9 billion won in the third quarter. This is slightly below the operating profit consensus of 211.7 billion won.
Reporter An Hoe Hyun ahh@infostock.co.kr
