[Infostock Daily= Reporter An Hoe Hyun] KB Securities maintained its investment opinion of 'neutrality' and target stock price of 235,000 won for Pearl Abyss on the 27th, saying that the waiting section is continuing as the downward trend in its performance is inevitable.
"We maintain a conservative investment opinion as the downward trend in performance is inevitable until the fourth quarter of 2021, when the launch of the Crimson Desert is scheduled," the company explained.
"Amid stable sales based on years of operational know-how, Black Desert Online is showing a relatively stable trend due to its own service conversion in Korea and Japan and increased demand for online games due to COVID-19," the company explained, adding, "It is not reflected in the estimate, but additional sales growth is also possible when deciding on its own services in North America and Europe in the future."
"Pearl Abyss plans to release expected works such as the Crimson Desert, DokeV and PLAN 8 sequentially from the fourth quarter of 2021, and the gap in new games continues for a long time," the company explained, adding, "The user response to the Crimson Desert, which is about to release the in-game video in December, is expected to be a major variable in stock prices."
Reporter An Hoe Hyun ahh@infostock.co.kr
