[Featured Stock] Com2uS Falls Over 2% on Q1 Earnings Disappointment Forecast

[Asia Economy Reporter Hwang Yoon-joo] Com2uS is experiencing a decline of over 2% due to a poor performance forecast for the first quarter.

As of 9:09 AM on the 21st, Com2uS is trading at 116,000 KRW, down 2.68% (3,200 KRW) compared to the previous trading day.

On the same day, Daishin Securities lowered the target price for Com2uS from 220,000 KRW to 170,000 KRW, citing expectations of weak first-quarter sales this year.

Lee Ji-eun, a researcher at Daishin Securities, stated, "We expect first-quarter sales to increase by 11% year-on-year to 29.8 billion KRW, while operating profit is expected to decrease by 44% to 9.9 billion KRW during the same period," adding, "Due to the off-season effect, both Summoners War and the sports genre are expected to see a decline in sales compared to the previous quarter."

Furthermore, due to incentives and preparations for new content, personnel expenses in the game business division are projected to reach 31.8 billion KRW, a 34% increase compared to the same period last year.

The researcher explained, "We lowered the target price by 23% from the previous level due to increased operating costs from new releases and new services this year, as well as a decline in the valuation of global peers."

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