[Featured Stock] Krafton Gains Over 5% Intraday... Up 4 Consecutive Trading Days

[Asia Economy Reporter Minji Lee] Krafton is showing an intraday rise of over 5%, marking its fourth consecutive day of gains.

At 9:46 a.m. on the 19th, Krafton was trading at 492,500 KRW, up 5.01% from the previous trading day. The intraday high for Krafton was 495,500 KRW, which is below the IPO price (498,000 KRW) but the highest level since its listing. Krafton continues its upward trend for the fourth consecutive trading day.

Looking at the supply and demand trends until the previous day, net buying by foreigners and institutions was prominent. Over the past three trading days, foreign investors purchased 80.1 billion KRW worth of Krafton shares, and institutional investors bought 93.1 billion KRW worth. This is interpreted as a positive reflection of Krafton's solid Q2 earnings and anticipation for new releases.

Donghee Kim, a researcher at Meritz Securities, said, "Operating profit for Q3 is expected to increase by 16% compared to Q2, reaching 201.8 billion KRW. The pre-registrations for the soon-to-be-released 'New State' have surpassed 27 million, and considering the estimated global daily active users (DAU) of the Battlegrounds mobile game at around 50 million, a significant influx of users is expected."

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