[Click eStock] "Com2uS Needs to Show Tangible Results"

On the 19th, Kiwoom Securities downgraded the target price of Com2uS from 59,000 KRW to 44,000 KRW, stating that the company has not shown sustained revenue after the launch of 'Starseed'.

Jingu Kim, a researcher at Kiwoom Securities, explained, "We are lowering the daily average revenue estimate for Starseed following its global launch," adding, "We estimate the daily average revenue to be approximately 80 million KRW this year and 60 million KRW next year."

He continued, "It is also difficult to guarantee the annual sustained growth of 'Summoners War: Sky Arena'," and added, "The estimated revenue for the baseball lineup this year is 179.9 billion KRW, expected to increase by 19.4% compared to the previous year."

He analyzed, "Considering cost control, the operating loss in the media/content business division is expected to decrease," and "Taking into account delays in topline recovery and additional impairment losses on intangible assets, the net profit attributable to controlling shareholders for this year is downgraded by 15.7% compared to the previous estimate."