[Click eStock] "Webzen Enters Period of Focused New Release Momentum... Target Price Up 46%"

[Asia Economy Reporter Park Jihwan] Ebest Investment & Securities has initiated a focus on new release momentum for Webzen, issuing a 'Buy' investment rating and raising the target price by 46.15% from the previous 26,000 KRW to 38,000 KRW.

Seong Jonghwa, a researcher at Ebest Investment & Securities, stated, "'MU Archangel' has consistently maintained a Google revenue ranking of 3rd to 4th place in the Korean market since its release in May," adding, "This exceeds the market expectations prior to the launch." When looking solely at Google revenue rankings, the ranking of 'A3: Still Alive' during the same post-launch period is slightly surpassed.

Entering a period focused on new release momentum is also a positive factor. At the end of August, the launch schedule for the R2 IP-based mobile MMORPG 'R2 M' in the Korean market is pending, and the MU IP-based mobile MMORPG 'Jinhong Jiin' is expected to launch in the Chinese market between September and October, or at the latest within this year. Additionally, another MU IP-based mobile MMORPG 'Jeonmin Gijeok 2' is projected to launch by the end of this year or at the latest in the first half of next year. Regarding three MU IP-utilizing H5 games in the Chinese market, although their launch schedules are undecided, two of them?Wangjanaran H5 and Takwoldaecheon-sa H5?could have their launch dates announced at any time.

Researcher Seong Jonghwa evaluated, "A structural revaluation of the market's valuation grade for untact (contactless) representative industries is underway," adding, "'MU Archangel' has created a strong new release momentum with its big hit, and new momentum is about to be passed on with 'R2 M' in Korea and 'Jinhong Jiin' in China."

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