NH Investment & Securities raised the target price of Netmarble from 160,000 won to 180,000 won, reflecting a rise in expectations for the 'Cross Worlds', which is scheduled to be released in June. The securities firm maintained its investment opinion as 'Buy.'
The securities said, "Cross Worlds is a game version of the original cartoon of Studio Ghibli, which is famous for its Totoro character, and expected results in major countries such as Korea and Japan in that it is a casual RPG genre aimed at various users."
"Netmarble owns shares of the following companies: Coway, Hive, NCsoft, Kakao Bank, and Kakao Games. The recent rise in the value of these companies is also positive for the company's corporate value," the securities firm added.
The securities firm predicted, "The company will have sales of 643.9 billion won (20.8% YoY) and operating profit of 89.1 billion won (336.1% YoY) for the first quarter. Operating profit will meet both our existing estimate (90.9 billion won) and market consensus (86.5 billion won)."
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
