April 26, 2024

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[THE INVESTOR] Mobile game “Lineage M” will be a hit, said KTB Investment and Securities on June 22, raising the target price of NCSoft to 520,000 won (US$455.66) from 480,000 won and maintaining a “buy” recommendation. 

It has topped the revenue for iOS version seven hours after release despite having slowed down by traffic overload, said analyst Lee Min-a. Its revenue in June will reach 7 billion won, and stabilize at 3 billion won and 1.5 billion won in the third and fourth quarters, respectively, said the analyst raising the daily revenue estimate to 2.5 billion won. 

Lee brushed off the concerns over receiving an R-rating, and strongly suggested buying the its stocks adding that when the specific dates for overseas releases are announced, estimates could be raised further.

By Hwang You-mee (glamazon@heraldcorp.com)