[Market Focus] Netmarble Rises Over 4% on Anticipation for New Title

On June 2, Netmarble showed strong performance in early trading. This came after a securities report predicted that the new title "The Seven Deadly Sins: Origin" is expected to be named Game of the Year.

As of 9:33 a.m. on this day, Netmarble was trading at 53,300 won, up 2,200 won (4.31%) from the previous trading day.

DS Securities raised its target price for Netmarble to 70,000 won, predicting that "The Seven Deadly Sins: Origin," which is scheduled for release within this year, will be named Game of the Year.

Choi Seungho, a researcher at DS Securities, said, "The highly anticipated title for the second half of this year, The Seven Deadly Sins: Origin, has confirmed its launch and is now moving forward with global marketing. Considering that the previous title, The Seven Deadly Sins: Grand Cross, achieved cumulative sales of 1 trillion won in Japan and the United States, the new release is also expected to demonstrate the quality required to be named Domestic Game of the Year."

The company estimated second-quarter sales for this year at 682.2 billion won and operating profit at 70.7 billion won. It also projected annual sales for 2025 at 2.867 trillion won and operating profit at 332 billion won.