Kiwoom Securities said it will maintain its "buy" opinion on Com2uS and its target price will rise from 170,000 won to 230,000 won.
"Com2us' sales in the third quarter fell below expectations of KRW 113.1 billion and operating profit of KRW 12.9 billion," said Kiwoom Securities "In terms of sales, its contribution to the Hundred Years War's performance fell significantly and was sluggish than expected because the promotion of the Sky Arena did not take place at all.".
"In terms of cost, labor costs were on the rise due to continued mergers and acquisitions, but it improved as marketing costs fell sharply compared to the previous quarter," Kiwoom Securities said.
"The fourth-quarter performance is expected to be 130.8 billion won in sales and 12.9 billion won in operating profit due to SWC effect and package sales.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
