[THE INVESTOR] NCSoft will maintain earnings growth this year, said Eugene Investment and Securities on Jan. 10, maintaining a “buy” recommendation and 630,000 won (US$588.02) target price.
It took its first step in the domestic mobile game market with “Lineage M” last year and will wield its influence in earnest this year, noted analyst Jeong Ho-yun.
Its new mobile MMORPGs, including “Blade and Soul 2,” “Aion Tempest” and “Lineage 2M,” all boast sublime graphics, and are very likely to demonstrate its know-how in developing PC games, underlined the analyst.
As Netmarble Games did with “Lineage 2: Revolution,” NCSoft will expand overseas with a new game and when it successfully lands its corporate value will be reevaluated, he added.
Its revenue from the fourth quarter spiked 85.7 percent on-year to 528.5 billion won and operating profit by 90.4 percent to 193.7 billion won, estimated the analyst, forecasting that revenue this year will rise 27.9 percent from 2016 to 2.24 trillion won and operating profit by 42.4 percent to 950.1 billion won.
By Hwang You-mee (firstname.lastname@example.org)