[Click eStock] "Vespa, a Year of New Releases... Target Price '↑'"

[Asia Economy Reporter Hyunseok Yoo] Heungkuk Securities analyzed on the 26th that this year will be a year of new releases for Vespa. The investment opinion was maintained as 'Buy,' and the target price was raised to 23,000 KRW.

Vespa (VESPA) is a company specializing in mobile game development and services. It achieved success in the global market, especially in Japan, with its flagship title King's Raid, released in 2017, and was listed on the KOSDAQ market in December 2018.

This year, Vespa is preparing to release new titles such as Time Defenders, Catopia Rush, and King's Raid Season 2. The analyst stated, "From this year, the full-scale launch of new titles and the balanced sales composition across the headquarters and subsidiaries, including casual, mid-core, and blockbuster games, should be noted."

Choi Jong-kyung, a researcher at Heungkuk Securities, said, "Since October last year, the King's Raid animation has been airing in Japan, South Korea, and China," adding, "The favorable viewership ratings in Japan and the fact that cumulative views in China have exceeded 4 million are very encouraging." He further evaluated, "The expansion of the King's Raid IP utilization continues with updates such as the introduction of new game characters original to the animation in December last year."