[Click eStock] "Com2uS, Growing Expectations for Summoners War IP Expansion... Target Price Up 14%"

DB Financial Investment Reports 16% Increase in Operating Profit for Q2 Compared to Previous Year

[Asia Economy Reporter Minji Lee] DB Financial Investment maintained a buy rating on Com2uS on the 15th and raised the target price by 14% from the previous level to 160,000 KRW.

In the second quarter, Com2uS recorded sales and operating profit of 137.9 billion KRW and 37.4 billion KRW, respectively, up 11% and 16% compared to the same period last year. The strong performance is attributed to the promotional effect of Summoners War's 6th anniversary and increased sales of baseball product lines due to the opening of the baseball season.

Hwang Hyun-joon, a researcher at DB Financial Investment, said, "Summoners War has seen a significant increase in active users, confirming its resilience as a globally successful game," adding, "Despite increased marketing expenses, profitability is expected to improve."

In the latter half of the third quarter, a global IP collaboration with Summoners War is scheduled. In the fourth quarter, the real-time strategy game 'Summoners War: Hundred Years' War' is set to be released. Additionally, the MMORPG 'Summoners War: Chronicle' is expected to complete development within this year and be launched in the first half of next year.

Researcher Hwang Hyun-joon assessed, "The expansion of the Summoners War IP, which proved its resilience in the second quarter, will accelerate in the second half of the year, positively impacting both performance and stock price."