[Click eStock] "Pearl Abyss, New Release 'Bulgeun Samak' Expected to Gain Popularity"

Ebest Investment & Securities Report

[Asia Economy Reporter Gong Byung-sun] Ebest Investment & Securities on the 29th raised the target price for Pearl Abyss from 280,000 KRW to 420,000 KRW, judging that the investment attractiveness is high considering the positive reviews on the graphics and gameplay of the new title "Red Desert" and the market expansion through simultaneous development of console, PC, and mobile versions. The investment opinion was also upgraded from "Hold" to "Buy."

Pearl Abyss unveiled its new title Red Desert at "The Game Awards," the world's largest game awards ceremony, last December, receiving praise for both graphics and gameplay. Red Desert has attracted a lot of attention, recording 3 million views on YouTube in less than a week since its release.

Seong Jong-hwa, an analyst at Ebest Investment & Securities, explained, "The Polish game company CDPR's 'Cyberpunk 2077,' which has recently gained great popularity, had 4 million YouTube views in one month, and Red Desert's popularity is comparable to that." He added, "Red Desert was also selected as the most anticipated title at The Game Awards."

It is expected to broaden the market by simultaneously developing console, PC, and mobile versions. The mobile version was produced based on the intellectual property (IP) of the console and PC versions. Analyst Seong evaluated, "The console and PC versions are expected to be very popular in Western markets such as North America and Europe, while the mobile version is predicted to have at least the same level of popularity as the previous title Black Desert in East Asia."

Accordingly, sales volume exceeding expectations is anticipated. Analyst Seong said, "Although the operating profit in the fourth quarter of last year was 29.5 billion KRW, falling short of consensus, the future sales volume of Red Desert is promising." He added, "Pre-sales and post-launch sales are expected to reach 4.5 million units, with cumulative sales over one year estimated at 8.1 million units, significantly surpassing previous estimates (2 million units in the first quarter, 5 million units cumulative over one year)."

Pearl Abyss plans to conduct sequential regional launches of Red Desert after the fourth quarter of this year and to release new titles such as "Dokkaebi" and "Plan 8" on a yearly basis. Analyst Seong expressed optimism, stating, "The schedule for launching major anticipated new titles will continue to be actively executed until 2025."

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