[Click eStock] "DearU, a period of expected growth"

Leading Investment Securities analyzed on the 13th that DearU is entering a period of full-scale growth. They newly issued a 'Buy' investment opinion and set a target price of 40,000 KRW.

Researcher Yuseongman of Leading Investment Securities stated, "DearU's ‘Bubble’ has been listed on ‘KakaoTalk Gift’ with Bubble subscription exchange tickets," adding, "With a strong sales channel and improved payment accessibility, an influx of new customers and increased profitability due to reduced fees are expected." He continued, "The ‘Bubble Font,’ which started at the end of last year, is also expected to contribute to improving DearU's average revenue per user (ARPU) starting this year."

Performance in Japan is also anticipated. He explained, "DearU has established a joint venture (JV) with the largest entertainment & fandom service company in Japan and plans to launch the ‘Bubble for Japan’ service by the end of this month," emphasizing, "It is significant that they are starting full-scale business in Japan, where fandom purchasing power and payment capability are high." He further stressed, "DearU headquarters will receive 10% of sales in Japan as royalties and recognize 44% (equity ratio) of profit sharing as equity-method income, which is expected to meaningfully contribute to profits from the second half of this year."

Leading Investment Securities forecasted that DearU's sales and operating profit this year will increase by 53.7% and 75.6% year-on-year to 104.3 billion KRW and 40.8 billion KRW, respectively. He emphasized, "Diversification of sales channels, the start of the Japanese business, and the listing of powerful new intellectual properties (IPs) are expected," adding, "Both performance and momentum are anticipated due to the overall increase in subscribers and ARPU."

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