[Click eStock] "NCSoft, Growing Anticipation for New Releases in the Second Half"

Korea Investment & Securities Report

[Asia Economy Reporter Minji Lee] Korea Investment & Securities maintained a buy rating and a target price of 700,000 KRW for NCSOFT on the 2nd. This outlook is based on the expectation that the stock price could be re-evaluated if Lineage W and Project TL succeed in the North American and European markets.

From the second half of the year, changes in NCSOFT are expected to be confirmed through new releases. Lineage W, combined with blockchain technology, is scheduled to launch in North America, Europe, and South America in the fourth quarter, and the new IP Project TL is set to be released on PC and console platforms. Researcher Ho-yoon Jung of Korea Investment & Securities explained, “In particular, Project TL’s teaser video has received positive reviews from users, increasing expectations for its success.”

Additionally, NCSOFT has unveiled a diverse game lineup including Project E, Project R, and Project M, which are set to be released next year. Among these, Project TL and Project E will be launched on PC and consoles, and are expected to actively target the North American and European markets, where domestic game companies have not yet achieved significant success.

It is also positive that the success of the three core lineups has proven to be much more robust than market concerns. Lineage M and Lineage 2M, which had relatively weak sales in the fourth quarter, rebounded in the first quarter, and Lineage W recorded daily sales of 4.15 billion KRW, exceeding market expectations. Researcher Ho-yoon Jung analyzed, “Sales in the second and third quarters, which lack new releases, will naturally decline compared to the first quarter sales, but there is no need to be overly concerned about the performance.”

This content was produced with the assistance of AI translation services.