[THE INVESTOR] Com2uS has secured earnings stability through the success of its mobile game “Summoner’s War” and its stock price will rise on the expectations of following hits, said DB Financial Investment on Feb. 5, maintaining a “buy” recommendation and 170,000 won (US$156.03) target price.
Its operating profit in the fourth quarter last year rose 14.6 percent on-year to 48.6 billion won, in line with market consensus, as the mobile game continues to post steady revenue despite having released in summer 2014 through a variety of campaigns and promotions, said analyst Kwon Yun-gu.
The game will maintain its popularity and will bolster the game company’s revenue, underlined the analyst. Its market costs, on the other hand, would have declined as it maximized efficiency by focusing on its target rather than mass marketing, noted Kwon.
Its stock price will begin to rise significantly from the end of the second quarter as it plans to launch a mobile version of “Skylanders” and “Summoner’s War” MMORPG in the latter half, forecast the analyst adding that its current stock price is still undervalued at 11.5 times its price earnings ratio.
By Hwang You-mee (email@example.com)