[Click eStock] "NCSoft, Target Price 1 Million Won... Abundant Momentum Until Next Year"

Daishin Securities Issues 'Buy' Investment Opinion and Sets Target Price at 1 Million Won... Closing Price on 18th at 832,000 Won

Lineage 2M by NCSoft (Photo by Asia Economy DB)

[Asia Economy Reporter Geum Bo-ryeong] NCSoft is expected to maintain momentum thanks to the 'Lineage 2M' siege warfare and overseas launches.

According to Daishin Securities on the 19th, the accounting daily sales of Lineage 2M recorded 4 billion KRW in the fourth quarter of last year and 3.8 billion KRW in the first quarter of this year. In the second quarter, daily sales are expected to decrease to 2.8 billion KRW due to a slight reduction in item promotions ahead of a large-scale update, but after the 'Chronicle III: Age of Abundance' update including siege warfare content on the 24th, daily sales in the third quarter are expected to increase to 3.2 billion KRW.

Lee Min-ah, a researcher at Daishin Securities, explained, "The estimated overseas sales of Lineage 2M assume a launch in Taiwan in the fourth quarter of this year with first-quarter daily sales of 500 million KRW, and a launch in Japan in March next year with first-month daily sales of 1 billion KRW. Afterwards, sales are expected to stabilize downward steadily, similar to the domestic market."

Accordingly, Daishin Securities has issued a 'Buy' investment opinion on NCSoft. The target stock price was raised from 880,000 KRW to 1,000,000 KRW. The closing price on the 18th was 832,000 KRW. The researcher said, "There is abundant momentum continuing until next year, including the Lineage 2M siege warfare update, overseas launches, and new game releases. Since the domestic success and stable sales trend of Lineage 2M have already been confirmed, expectations will be strongly reflected in the stock price as the overseas launch approaches."

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