[Click eStock] "Com2uS's 'Summoners War' 6th Anniversary Update Success... Target Price Raised"

Daishin Securities Issues 'Buy' Investment Opinion and Sets Target Price at 160,000 KRW... Closing Price on 15th at 124,300 KRW

[Asia Economy Reporter Geum Bo-ryeong] Com2uS is expected to achieve record-high sales in the second quarter after successfully completing the 6th anniversary update of 'Summoners War.'

According to Daishin Securities on the 16th, Com2uS's second-quarter earnings are estimated at 137 billion KRW in sales and 39.1 billion KRW in operating profit, representing increases of 10% and 21% respectively compared to the previous year.

The better-than-expected performance is attributed to Summoners War's sales. Every year, the second quarter is the peak season due to the scheduled 'n-th anniversary' update of Summoners War. Lee Min-ah, a researcher at Daishin Securities, explained, "The 6th anniversary update this time is understood to have performed better than ever before," adding, "Summoners War's sales are expected to reach 108.3 billion KRW, up 12% from the previous year and 34% from the previous quarter." Although labor costs are projected to increase by 9% to 18.4 billion KRW due to retroactive application of wage hikes, strong sales growth is expected to offset this.

Daishin Securities has given Com2uS a 'Buy' rating with a target price of 160,000 KRW, raising the target price by 45% from the previous 110,000 KRW. The closing price on the 15th was 124,300 KRW. The researcher analyzed, "This reflects the continuous rise in global gaming stocks' prices and valuations due to expectations of benefits from the novel coronavirus (COVID-19)," and added, "With the upcoming release of the first game utilizing the Summoners War intellectual property (IP), 'Summoners War: Hundred Years' War,' in the second half of the year, expectations are expected to gradually increase."

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