[Featured Stock] Kakao Games Surges Over 9% on "120,000 Won Target" Outlook

[Asia Economy Reporter Ji Yeon-jin] Kakao Games is showing nearly a 10% surge as a significant improvement in earnings is expected due to the success of its new game.

As of 9:35 AM on the 21st, Kakao Games is trading at 92,000 KRW, up 9.65% (8,100 KRW) compared to the previous day. The company opened 1.91% higher and has been steadily increasing since then.

On the same day, NH Investment & Securities evaluated Kakao Games, stating that the success of "Odin: Valhalla Rising" simultaneously verifies its publishing capabilities and investment abilities in game companies, expecting a significant growth in earnings. They forecast that this success will help Kakao Games rise as a major game company. They newly issued a buy rating and set a target price of 120,000 KRW.

Researcher Ahn Jae-min of NH Investment & Securities said, "With the recent strong performance of 'Odin: Valhalla Rising,' significant earnings growth is expected, and the results of companies secured through previous investments are beginning to emerge in earnest. We believe Kakao Games has entered a phase where its proven publishing capabilities and the games of its invested companies create synergy, marking its rise as a major game company."

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