[Featured Stock] Pearl Abyss Rises on Anticipation for August Release of 'Red Desert' Play Version

Pearl Abyss is showing strength amid anticipation for the release of the 'Red Desert' playable version in August.

As of 9:34 AM on the 12th, Pearl Abyss is trading at 40,550 KRW, up 1,000 KRW (2.53%) from the previous day.

The anticipation for the release of Red Desert is interpreted as the driving force behind the stock price increase. Pearl Abyss plans to showcase the playable version of Red Desert at the game show 'Gamescom 2024,' held in Germany from August 21 to 25. Jae-min Ahn, a researcher at NH Investment & Securities, stated, "If the response to the demo version is positive, there is a possibility of winning an award at the Gamescom Awards, which is expected to act as a short-term positive momentum." He added, "Red Desert will have additional reveals and a more concrete release schedule at G-Star, a domestic game show in November, and marketing activities will also begin in earnest." NH Investment & Securities raised Pearl Abyss's 2025 earnings estimates, reflecting the short-term momentum from Red Desert's participation in Gamescom and the recent issuance of the game license (approval for game service in China) for the Chinese PC version of 'Black Desert,' and also raised the target stock price from 40,000 KRW to 50,000 KRW.