April 26, 2024
Stocks & Bonds
[EQUITIES] ‘Com2uS to post record earnings in Q2’
[THE INVESTOR] Com2us is likely to post record revenue in the second quarter following the update of its mobile game “Summoners War” last month, said Meritz Securities on April 14, raising the target price to 140,000 won (US$123) from 130,000 won and maintaining a “buy” recommendation.
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The game maker is poised to get a boost by releasing a number of new games this year, said analyst Kim Dong-heui.
It will meet market expectations in the first quarter with 131.3 billion won revenue and 48.2 billion won operating profit, estimated the analyst, adding that the fate of its new release “Majestia: Souls” is being watched closely.
The fact that it is diversifying platforms, including rolling out of the virtual reality version of “Ace Fishing,” is also favorable, said Kim.
By Hwang You-mee (glamazon@heraldcorp.com)
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