This article is translated by AI company Flitto and Infostock Daily using neural machine translation technology.
Shinhan Investment said on the 12th that the company recorded the highest sales in the third and fourth quarters and the expectations for a new product are valid, maintaining a 'buy' rating and raising the target price by 11.2% to 650,000 won.
Krafton's sales and operating profit for the third quarter were 521.9 billion won and 195.3 billion won, down 13.6% and 12.1% QoQ, respectively. Its record high sales and operating profit also exceeded the consensus (market forecast) of 185.4 billion won.
Shinhan Investment explained, "PC online sales increased 46.2% from the previous quarter to 129.5 billion won."
Regarding mobile sales (380.5 billion won), which increased by 7.5% from the previous quarter, he added, "The effect of entering the Indian market was reflected while PUBG Mobile was solid."
Krafton's Newstate, was released on the 11th after exceeding 55 million pre-registrations.
It was found that the game surpassed 2.7 million daily active users (DAU) within an hour and a half of its release.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
