[Click eStock] "Netmarble, New Releases and COVID-19 Impact... Target Price Up"

[Asia Economy Reporter Park Jihwan] NH Investment & Securities evaluated on the 5th that Netmarble is benefiting from new game releases and the effects of the COVID-19 spread. Accordingly, they issued a 'Buy' investment opinion and raised the target stock price by 9.09% from the previous 110,000 KRW to 120,000 KRW.

Jaemin Ahn, a researcher at NH Investment & Securities, emphasized, "The 'Seven Deadly Sins,' which was a hit last year in Japan and Korea, has been globally released, and the initial results are favorable," adding, "New releases are gradually increasing, and positive effects of COVID-19 on the gaming industry are also expected."

As of the 3rd, the Apple App Store sales rankings for Seven Deadly Sins are ranked high in various countries: 25th in the United States, 5th in France, 13th in Portugal, 24th in Germany, 2nd in Taiwan, 3rd in Hong Kong, 10th in Thailand, 13th in Singapore, and 16th in the Philippines.

Researcher Ahn forecasted, "Netmarble's operating profit had been continuously declining due to poor new releases, but starting from 2019, with the recovery of the new game lineup, performance is expected to enter a recovery phase."

Additionally, the slowdown in outdoor activities due to COVID-19 is also positive for gaming stocks.

Researcher Ahn stated, "Due to the impact of COVID-19, as people's outdoor activities decrease, increased game playtime and sales growth are possible, so the gaming industry is expected to benefit."

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