[Featured Stock] Kakao Games Rises Strongly Amid New Release Success Surge

[Asia Economy Reporter Ji Yeon-jin] Kakao Games is showing strong performance on the 2nd due to the success of its new game.

As of 10:49 AM on the same day, Kakao Games is trading on the KOSPI market at 60,000 KRW, up 4.35% (2,500 KRW) compared to the previous day.

The company's new game, "Odin: Valhalla Rising," is expected to drive the stock price up with its early success.

On this day, Ebest Investment & Securities raised Kakao Games' target price from 66,000 KRW to 73,000 KRW, reflecting expectations of its success.

Seong Jong-hwa, a researcher at Ebest Investment & Securities, analyzed, "The estimated sales on the first day of the Korean launch are around 7 billion KRW, and sales over two days are estimated to be around 15 billion KRW," adding, "An average daily revenue in the late 1 billion KRW range for the third quarter is expected to be fully achievable."

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