[Featured Stock] Krafton "Dropped Too Much"... Perfect Rebound on New Release Expectations

[Asia Economy Reporter Lee Seon-ae] Game company Krafton has been continuing its upward trend for three consecutive days, overcoming recent excessive stock price declines. With buying interest flowing in due to the perception of excessive decline and expectations for new releases, the stock surged about 5% on the 4th.

As of 9:51 a.m. on the day, Krafton was trading at 295,000 KRW, up 5.44% from the previous trading day. During the session, it rose to 292,000 KRW.

Daishin Securities expects two new releases from Krafton this year and gave a buy rating with a target price of 400,000 KRW. Lee Ji-eun, a researcher at Daishin Securities, said, "In the first half of this year, a new IP game from Unknown Worlds and in the second half, The Callisto Protocol are scheduled to be released," adding, "Both games involve developers from globally referenced game companies, which will contribute to Krafton's performance improvement and expansion of game IP."

Meanwhile, Krafton announced that it invested 6.5 billion KRW in Nautilus Mobile, an Indian sports game specialist developer, the day before. Nautilus Mobile is an Indian sports game developer specializing in developing and publishing cricket games.

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