[Click eStock] "NCSoft, Q3 Adjusted Period Followed by Q4 Rebound Expected"

[Asia Economy Reporter Oh Ju-yeon] Daishin Securities placed emphasis on a rebound in the fourth quarter following a correction in the third quarter for NCSoft. They analyzed the recent stock price correction as a buying opportunity and maintained their investment rating of 'Buy' and target price of 1,100,000 KRW.

According to Daishin Securities on the 21st, Lineage 2M's revenue is expected to stabilize downward in the third quarter, but sales are anticipated to rebound after the first anniversary update in the fourth quarter.

Researcher Lee Min-ah explained, "Despite the siege battle update, Lineage 2M's Google Play sales ranking remained third behind Lineage M and Baram-ui Nara, which raised concerns," adding, "The first siege battle update was somewhat bland, as it was conducted by capturing castles previously held by NPCs, so it cannot be considered a full-scale siege battle."

Lee said, "Starting from the 23rd, full-scale siege battles in the form of clan wars are expected to begin," and "In September, a larger-scale content update called 'World Siege Battle' is scheduled." Additionally, the fourth quarter plans include the first anniversary update and events for Lineage 2M. While third-quarter sales are expected to slightly decline compared to the second quarter, a rebound in the fourth quarter is anticipated.

Accordingly, daily sales for Lineage 2M are projected to be 2.2 billion KRW in the second quarter, 1.8 billion KRW in the third quarter, and 2.2 billion KRW in the fourth quarter.

On the other hand, Lineage M's sales are described as steady. Following a large-scale update on the 8th of last month, daily sales in the third quarter are expected to rebound to 2.4 billion KRW (compared to 1.8 billion KRW in the second quarter).

Researcher Lee assessed, "An early fourth-quarter new release event is anticipated, and if the pre-registration for Blade & Soul 2 begins and the Lineage 2M Taiwan launch schedule is announced, stock price momentum could revive."

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