[Featured Stock] Netmarble Falls Over 7% Amid Continued Deficit Outlook

[Asia Economy Reporter Hwang Yoon-joo] Netmarble is experiencing a decline of over 7% amid forecasts that its operating losses will continue in the third quarter.

As of 9:51 AM on the 12th, Netmarble is trading at 45,000 KRW, down 7.60% (3,700 KRW) from the previous day.

On the same day, Ebest Investment & Securities predicted that Netmarble would record operating losses in the third quarter as well. Sung Jong-hwa, a researcher at Ebest Investment & Securities, stated, "We expect third-quarter sales of 686.6 billion KRW and an operating loss of 17.6 billion KRW," adding, "(We had anticipated) a turnaround to a 20 billion KRW profit in the third quarter, but losses are continuing, falling significantly short of expectations." Accordingly, the target stock price for Netmarble was lowered from 80,000 KRW to 60,000 KRW.

He further added, "With limited sales growth from new releases and operating expenses increasing by around 1%, the scale of losses is expected to shrink compared to the previous quarter in the third quarter, but it will be difficult to escape the deficit."

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