[Infostock Daily=Reporter Lee Dong-hoon] Shinhan Financial Investment maintained an investment opinion of 'Buy' on Webzen and the price target of 55,000 won.
The popularity of Korea's top games has continued. Mu Arc Angel ranked 14th and R2M, developed by Webzen, ranked 15th. Both games are having continuous success as they ranked in top 20. The sales ranking of Yeongyo Angels iOS, which was released in the Chinese market, fell slightly compared to its launch, but remains at the top.
Shinhan Financial Investment estimated, "In the case of Jeonmin Miracle 2, it is developed by Cheonma Corporation, a developer of popular Awakening and Miracles, and published by Tencent. Given that the expected date of the existing National Miracle 2 update has been changed to April 4/8 for China's iOS, it seems possible to release it within April."
The investment firm forecasted, "1Q21 operating profit is expected to be 28.1 billion won (+194%YoY) Sales and operating profit of 1Q21 are expected to be 79 billion won (+130%) and 28.1 billion won (+194%), respectively."
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
