[Click eStock] "NCSoft Diversifies Revenue with 'Lineage2M'... Target Price Up 19%"

[Asia Economy Reporter Park Jihwan] KB Securities evaluated that diversification of sales has begun for NCSoft following the success of 'Lineage 2M' on the 22nd. The investment opinion was set to 'Buy' and the target price was raised by 19% to 750,000 KRW.

Researcher Dongryun Lee of KB Securities analyzed, "NCSoft's sales in the fourth quarter of last year are expected to reach 546.1 billion KRW, a 36.6% increase compared to the same period last year, and operating profit is expected to increase by 68.1% to 189.3 billion KRW, in line with consensus," adding, "Sales of Lineage M are also expected to increase by 5% compared to the previous quarter."

He said, "This year, NCSoft is expected to achieve high growth in performance, supported by the stable sales of existing games including Lineage M and the effect of new game releases."

In particular, he added, "Visibility of next growth drivers is also high, such as overseas release of Lineage 2M and Blade & Soul 2, and testing of the PC game project TL scheduled within the year."