[Click eStock] "NCSoft, Moderate Q1 Earnings Outlook"

Korea Investment & Securities Issues 'Buy' Rating and 800,000 KRW Target Price... Closing Price on 9th at 655,000 KRW

[Asia Economy Reporter Kum Boryeong] Despite the spread of the novel coronavirus infection (COVID-19), NCSoft's first-quarter performance is expected to be stable.

According to Korea Investment & Securities on the 10th, NCSoft's first-quarter sales are estimated at 713 billion KRW, and operating profit at 268.6 billion KRW. These figures represent increases of 98.8% and 90.3% respectively compared to the previous year.

The first-quarter sales of 'Lineage 2M' are understood to be solid. Researcher Jeong Hoyoon of Korea Investment & Securities stated, "According to WiseApp, the average daily sales of Lineage 2M rose from 3.7 billion KRW in January to about 4.0 billion KRW in March. This is attributed to its solid position in the mobile massively multiplayer online role-playing game (MMORPG) market, as well as increased users and usage time influenced by the recent spread of COVID-19." He added, "Also, at PAX East 2020 held in Boston last February, the new console game Fuser was unveiled, indicating that from this year onward, NCSoft will actively respond to various platforms including consoles and PCs in addition to mobile games."

Korea Investment & Securities gave NCSoft a 'Buy' investment rating with a target price of 800,000 KRW. The closing price on the 9th was 655,000 KRW. Researcher Jeong said, "We expect NCSoft to maintain its solid position as the number one operator in the MMORPG market, the core genre of domestic mobile games, with differentiated competitiveness in Korea." He added, "In the long term, it is important to note that there will be many things to show, including new IP-based titles, new PC and console games, and results from overseas business divisions."

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