[Special Stock] Netmarble Plummets Over 5% Following Report Effectively Recommending 'Sell'

[Asia Economy Reporter Kwon Jae-hee] Netmarble is experiencing a sharp drop of over 5% in the early trading session on the 26th. This follows a securities firm downgrading its investment opinion on Netmarble to 'Neutral' and lowering the target price to 45,000 KRW the previous day. Considering the previous day's closing price was 45,100 KRW, this effectively amounts to a sell recommendation.

According to the Korea Exchange KOSPI market as of 10:04 AM on the 26th, Netmarble is trading at 42,150 KRW, down 5.81% compared to the previous trading day.

Netmarble's third-quarter earnings are expected to show revenue of 688 billion KRW and an operating loss of 13.4 billion KRW, marking a return to the red. This falls short of market consensus.

DB Financial Investment downgraded its investment opinion on Netmarble to 'Neutral' and lowered the target price to 45,000 KRW the previous day.

Hwang Hyun-joon, a researcher at DB Financial Investment, stated, "The deficit is expected to continue in the third quarter, and to break out of the deficit structure, success of new releases is necessary. However, due to consecutive underperformance of new titles, expectations are not high. We recommend a conservative approach."

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