[Click eStock] "'Expecting Game Quality of Red Desert' Pearl Abyss, Target Price Maintained"

Kiwoom Securities maintained its target price for Pearl Abyss at 57,000 KRW on the 26th and kept its view of the company as the top preferred stock in the industry. The closing price on the previous trading day was 42,050 KRW.

Pearl Abyss recently showcased four types of bosses and related videos from its upcoming title, Red Desert, at Gamescom.

On the day, Jin-gu Kim, a researcher at Kiwoom Securities, stated, "Red Desert maximizes game enjoyment by adding various combo techniques based on action, utilizing martial arts, and incorporating vertical combat including gliding."

He evaluated, "Since the one-hour video mentioned by the company has not been fully released, exploration based on an open world, story, and life content need to be confirmed, but the action-based combat alone is expected to form a popular global fan base."

He added, "Upon the release of the main Red Desert game, players will be able to experience dozens of bosses. Although the White Horn boss video sparked discussions among users about graphic issues, these were due to limited lighting and blizzard effects. Since the Queen Dolmen video confirmed the high quality of the open world based on bright lighting, it is judged not to be a problem."

Researcher Kim said, "Regarding Red Desert, we maintain our previous estimates of initial quarterly sales of 3.75 million units by Q3 next year and cumulative sales of 4 million units over the following four years. We will proceed with final adjustments after confirming the gameplay based on unreleased videos," adding, "Key points to watch include additional gameplay confirmation through the release of unreleased videos, marketing through major events in the second half of the year, and confirmation of the approximate release schedule around the end of the year."

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