[Click eStock] Pearl Abyss Lowers This Year's Operating Profit Estimate... Target Price Downgraded

[Asia Economy Reporter Hwang Yoon-joo] DB Financial Investment lowered its 2022 operating profit estimate for Pearl Abyss on the 16th, maintaining a 'Buy' rating but lowering the target price to 120,000 KRW.

Hwang Hyun-joon, a researcher at DB Financial Investment, stated, "We adjusted the release of Black Desert Mobile to Q2 and Crimson Desert to Q4, lowering this year's operating profit estimate by 15%."

Researcher Hwang analyzed, "Although the first-quarter performance is expected to be weak due to the continued downturn of existing games, the investment point that the 2022 performance will dramatically improve after the launch of Black Desert Mobile in China remains valid."

Researcher Hwang forecasted, "The participation of major publisher 'Tencent' as a partner will positively impact the success," adding, "Along with this, new intellectual property (IP) content such as Crimson Desert and Dokkaebi is expected to be continuously detailed within the year, serving as momentum."

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