[Click eStock] "Pearl Abyss Q2 Loss Expected to Decrease... Target Price Up"

NH Investment & Securities forecasted on the 12th that Pearl Abyss's Q2 deficit will decrease. Meanwhile, the play version of 'Red Desert' will be unveiled in August, serving as a short-term momentum, the firm analyzed. Accordingly, they maintained a 'Buy' investment rating and raised the target price to 40,000 KRW.

Jaemin Ahn, a researcher at NH Investment & Securities, stated, "The operating loss for Q2 is expected to be 2.6 billion KRW, which is a smaller deficit compared to the previous market estimate of a 7.6 billion KRW loss."

Researcher Ahn assessed, "The increase in Black Desert Mobile sales seen in Q1 will continue through 2024, and the PC version is expected to achieve favorable sales results due to the 5th anniversary event of direct service."

In particular, from August 21 to 25, a play version demonstration of 'Red Desert' is scheduled at the game show held in Germany. If the response to the demonstration version is positive, there is also a possibility of winning an award at the Gamescom Awards.

Researcher Ahn evaluated, "Red Desert will have additional reveals and a more concrete release schedule at G-STAR, a domestic game show in November, and marketing activities will also begin in earnest. Assuming a Q2 2025 release, sales are estimated at 2.82 million units and revenue at 200.7 billion KRW in 2025."

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