[Click eStock] "Com2uS, New Release Momentum Expected"
[Asia Economy Reporter Park Jihwan] NH Investment & Securities evaluated on the 13th that Com2uS is expected to see strong sales this year due to anticipation for new game releases.
Researcher Ahn Jaemin of NH Investment & Securities stated, "The release of the three highly anticipated titles being prepared for launch this year (Heroes War: Counterattack, Summoners War: Hundred Years' War, Summoners War: Chronicle) has been delayed by about one quarter again," adding, "After several delays and with development entering the final stages, no significant delays are expected anymore, and the momentum for new releases has now gradually started to improve."
Researcher Ahn explained, "Com2uS's operating profit for the fourth quarter increased by 1.3% year-on-year to 33.2 billion KRW, which is similar to our previous estimate of 31.9 billion KRW and the market consensus of 32.9 billion KRW, meeting expectations," and added, "Steady sales were recorded due to strong year-end package sales of Summoners War, along with continued marketing cost reductions."
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He evaluated, "Performance from new titles to be released after 2020 is expected to contribute to earnings growth," and added, "However, the company's high cash holdings ratio and low valuation (stock price level relative to earnings) act as other advantages."
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