[Featured Stock] Devsisters Soars 14% on Strong Box Office Prospects for Cookie Run in China
As the prospects for the success of 'Cookie Run: Kingdom' in China emerged, Devsisters' stock rose by more than 14%.
As of 9:35 AM on the 14th, Devsisters was trading at 65,000 KRW, up 14.44% from the previous day.
Hot Picks Today
"Stock Set to Double: This Company Smiles Every...
- "Is Yours Just Gathering Dust at Home? Millennials & Gen Z Rediscover Digicams O...
- "Continuous Groundwater Pumping Causes Mexico City to Sink 24cm Annually... 'Gia...
- "I Take Full Responsibility"... Seongjae Ahn Issues Direct Apology for 'Wine Swi...
- “She Shouted, ‘The Rope Isn’t Tied!’... Chinese Woman Falls from 168m Cliff ...
On the same day, Shinhan Investment Corp. raised Devsisters' target price from 77,000 KRW to 100,000 KRW. Researchers Seok-O Kang and Dong-Seok Kim stated, "Having received a foreign investment license in China on the 20th of last month, 'Cookie Run: Kingdom' is expected to achieve significant success in China, where mobile casual games have gained popularity," adding, "We estimate an average daily revenue of around 1 billion KRW annually."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.