[Asia Economy Reporter Minji Lee] Krafton is showing a 2% range increase amid a declining market. It is analyzed that the strong performance in the second quarter positively influenced the stock price.
At 10:54 AM on the 13th, Krafton is pointing to 414,000 KRW, up 1.97% compared to the previous trading day. Since its listing on the 10th, Krafton closed lower on both the 11th and 12th.
The upward trend of Krafton is interpreted as being influenced by the strong second-quarter performance. The second-quarter sales and operating profit were 459.3 billion KRW and 174.2 billion KRW, respectively, increasing by 106% and 139% compared to the same period last year. The operating profit matched the market expectation of 174.4 billion KRW, and the sales significantly exceeded the expected level (399.5 billion KRW).
Moonjong Lee, a researcher at Shinhan Financial Investment, said, “We give a buy rating and a target price of 510,000 KRW for Krafton. Through consistent updates, the stability of performance has been proven, and with the upcoming release of anticipated new titles, the momentum is sufficient, so the stock price decline will act as a buying opportunity.”
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