[Click eStock] "Com2uS, Strong Early Success of New Release... Stock Price Plunge Is Excessive"

Ebest Investment "Maintains Target Price at 220,000 Won"
Resolution of Matching Defect Issue on Launch Day

[Asia Economy Reporter Gong Byung-sun] Com2us's new title, 'Summoners War: Hundred Years' War' (hereafter Hundred Years' War), has been released, and there is an interpretation that the sharp drop in stock price is excessive. The initial success of the launch exceeded the company's internal expectations, and it is expected to settle smoothly in the revenue rankings of major countries. On the 3rd, Ebest Investment & Securities maintained a target price of 220,000 KRW and a 'Buy' rating for Com2us.

Although Com2us's stock price fell 13.24% on the day after the Hundred Years' War release on the 30th of last month, this is interpreted as an excessive drop. Disappointment over the early entry ranking and controversies related to poor matching were overly applied. Sung Jong-hwa, a researcher at Ebest Investment & Securities, said, "Google revenue rankings showed a somewhat slow pattern in the early launch phase, and Apple revenue rankings are released quickly, but it is natural that the initial entry ranking is low," adding, "The revenue rankings in major countries have been rising for 3 to 4 days after the launch." He also added, "The matching server failure that caused poor matching on the first day of release has also been resolved."

On the contrary, the early performance is evaluated as excellent. The first-day revenue is expected to approach 1.5 to 2 billion KRW, which exceeds the first quarter's daily market consensus of 600 to 700 million KRW. Researcher Sung explained, "Considering the first quarter daily revenue consensus and the company's internal expectations, as well as the downward setup speed over 63 days in the first quarter, the first-day revenue consensus and internal expectations after launch are estimated to be in the mid-1 billion KRW range," adding, "The actual first-day revenue exceeded this."

It also appears to have settled smoothly in the revenue rankings of major countries after launch. The combined revenue share of the five major countries?United States, Korea, France, Japan, and Germany?reaches 80%. In particular, revenue from the United States is larger than that of Korea. Researcher Sung said, "It is a one-build release in 174 countries and 15 languages, and it is interpreted that the expectation was for a first quarter daily average revenue of about 600 to 700 million KRW from combined revenue across many overseas countries rather than a big hit in a specific country."

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