[Click eStock] Com2uS, Next Year Looks Even More Promising

[Asia Economy Reporter Lee Seon-ae] Korea Investment & Securities announced on the 10th that it maintains a buy rating and a target price of 220,000 KRW for Com2uS. Since the launch of Summoners War: Chronicle, the daily sales are estimated to be around 600 million KRW on average, and because it has already been significantly verified that the P2E system positively impacts sales, they believe there is a high possibility that the game’s success will exceed their estimates.

Recently, the stock prices of game companies that announced the release of P2E games have generally risen sharply. This can be interpreted as an expansion of valuations for companies responding to new changes, but behind this is the fact that the sales of games adopting P2E have appeared higher than typical expectations.

For example, Wemade’s Mir4 Global had daily sales of about 200 million KRW at launch, but by November, it steadily increased to around 600 to 700 million KRW (an estimate counting only mobile sales, excluding PC sales). It is believed that user inflow and ARPU growth due to the P2E system positively contributed to this. Considering various factors such as IP awareness and the introduction of the P2E system, Com2uS’s Summoners War: Chronicle is also judged to have the potential to exceed current market expectations.

Jung Ho-yoon, a researcher at Korea Investment & Securities, said, "We conducted a conference call with domestic institutions regarding Com2uS, and the new title applying P2E, Summoners War: Chronicle, received the most attention during this call." He added, "Summoners War: Chronicle will undergo a soft launch in some countries during the first quarter, then be released in the second quarter in key regions such as North America and Europe, where the Summoners War IP has high recognition, or in Southeast Asia, where P2E games are popular, followed by a global release in the third quarter." He continued, "The company’s own daily sales target for Summoners War: Chronicle is about 800 million KRW, slightly exceeding market consensus."

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