[Featured Stock] Mgame, Chinese The Ruler of the Land Hits + US Night Online Server Added... Record High Performance

[Asia Economy Reporter Hyungsoo Park] Mgame is showing strong performance. Securities firms' analysis that the company will achieve record-high sales this year appears to be influencing the stock price.

As of 1:40 PM on the 7th, Mgame is trading at 8,700 KRW, up 19.34% from the previous day.

Hyunkyum Kim, a researcher at KB Securities, explained, "Among Mgame's game lineup, the game currently ranked second in sales is 'Knight Online,'" adding, "Since opening three new Knight Online servers in the US and Turkey regions on the 17th of last month, the number of users has surged."

He continued, "November's monthly sales increased by 271% compared to the previous quarter and by 158% compared to the same period last year," adding, "After opening the new servers, the number of new subscribers surged by 100% and 146%, respectively, resulting in long waiting times in the server entry queue."

He emphasized, "One more server is scheduled to be opened on the 8th."

Researcher Kim also stated, "The ongoing success of the existing cash cow, Yeolhyeol Gangho Online, in China continues," noting, "In October, Yeolhyeol Gangho Online's sales in China increased by 42% compared to the same month last year, setting a record high since the service began."

He analyzed, "On August 8th, through a single sales and supply contract announcement, the service contract for Yeolhyeol Gangho Online 1 was extended," adding, "The extension contract was signed at a price 3.9 times higher than the previous contract amount, reflecting Yeolhyeol Gangho's high popularity."

Furthermore, he evaluated, "As of the third quarter, there is no net debt, with approximately 60 billion KRW in cash assets and a guaranteed receipt of about 23.5 billion KRW in contract payments for Yeolhyeol Gangho Online over the next three years," concluding, "The current stock price level is undervalued given the expected record-high performance."

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