April 26, 2024

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[THE INVESTOR] Com2uS recorded low profits but has become more attractive as its stock price fell, said Mirae Asset Daewoo on Aug. 9, upgrading the recommendation to a “buy” from a “trading buy” and maintaining 135,000 won (US$118.95) target price.

The game company failed to meet second-quarter earnings prospects as revenue in the domestic market fell by 10 percent from a year ago, said analyst Moon Ji-hyeon.

The time has come to reflect on its diversifying sources of revenue. The firm existing revenue sources remain strong with upcoming events and updates and its has a series of new releases including two major games lined up, said the analyst.

It is developing role-playing games targeting global markets, and it will be interesting to see whether they sell overseas, added Moon.

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