[Click eStock] "NCSoft, New Release Effects Expected from Q1"

Samsung Securities Presents 'Buy' Investment Opinion and Target Price of 1.4 Million KRW... Closing Price on the 4th Was 978,000 KRW

Lineage 2M Japan (Photo by Asia Economy DB)

[Asia Economy Reporter Kum Boryeong] As NCSoft's new game release approaches, analysis suggests that the full effect of the new titles will be seen starting from the first quarter.

On the 5th, Samsung Securities issued a 'Buy' rating on NCSoft with a target price of 1.4 million KRW. The closing price on the 4th was 978,000 KRW.

NCSoft opened teaser sites for 'Lineage 2M' in Japan and Taiwan the day before and announced that the game will be officially released in both countries within the first quarter. Pre-registrations are planned to start from the 8th. Donghwan Oh, a researcher at Samsung Securities, explained, "This is an advancement from the previous plan of releasing only in Taiwan in the first quarter and Japan within the year. Especially, with concerns about further delays due to extended remote work, the announcement of an earlier release date is expected to alleviate investors' worries."

Expectations are also rising for the casual MMO 'TricksterM,' developed by the subsidiary Entribe. Targeting a first-quarter release, TricksterM already surpassed 3 million pre-registrations as of November last year. The pre-character creation event that started in December saw all 60 prepared servers fully booked early. Researcher Oh analyzed, "In Naver search trends, not only 'Lineage M' and 'Lineage 2M' but also the most recently released hit 'Seven Knights 2' have been surpassed in pre-release search volume, indicating a high possibility of entering the top 10 in domestic sales rankings."

With strengthened new release momentum, valuation is expected to rise. Samsung Securities raised NCSoft's target price by 37% from the previous 1.02 million KRW. Researcher Oh stated, "With the risk of new release delays resolved, a significant valuation increase is anticipated."

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