[Click eStock] "NCSoft, Strong Earnings Expected Thanks to Lineage 2M"

Korea Investment & Securities Issues 'Buy' Rating and 720,000 KRW Target Price... Closing Price on 6th at 579,000 KRW

[Asia Economy Reporter Kum Boryeong] Thanks to 'Lineage 2M,' NCSoft is expected to show strong performance.

According to Korea Investment & Securities on the 7th, NCSoft's sales and operating profit for the fourth quarter of last year are expected to be 527.4 billion KRW and 176.6 billion KRW, respectively. Compared to the previous year, these figures represent increases of 32.0% and 56.9%, respectively.

Jung Hoyoon, a researcher at Korea Investment & Securities, stated, "Despite various noises typical of the early launch phase, Lineage 2M has established itself as the trend in the domestic mobile game market. Many popular BJs have switched to playing Lineage 2M, and positive evaluations of the game continue among general users, creating a favorable atmosphere for long-term success." He added, "As the long-term success of Lineage M and Lineage 2M continues, if the release of new titles in the second half of the year and the overseas expansion of Lineage 2M proceed as planned, this year is highly likely to become a new starting point for a significant increase in NCSoft's profit scale."

Korea Investment & Securities gave NCSoft a 'Buy' investment rating with a target price of 720,000 KRW. The target price was raised by 10% from the previous 650,000 KRW. The closing price on the 6th was 579,000 KRW.

This content was produced with the assistance of AI translation services.