[Featured Stock] Devsisters Soars 14% on Strong Box Office Prospects for Cookie Run in China

As the prospects for the success of 'Cookie Run: Kingdom' in China emerged, Devsisters' stock rose by more than 14%.

As of 9:35 AM on the 14th, Devsisters was trading at 65,000 KRW, up 14.44% from the previous day.

On the same day, Shinhan Investment Corp. raised Devsisters' target price from 77,000 KRW to 100,000 KRW. Researchers Seok-O Kang and Dong-Seok Kim stated, "Having received a foreign investment license in China on the 20th of last month, 'Cookie Run: Kingdom' is expected to achieve significant success in China, where mobile casual games have gained popularity," adding, "We estimate an average daily revenue of around 1 billion KRW annually."