Mirae Asset Securities raised its target price for Krafton from 330,000 won to 340,000 won.
Paul Lee
hoondork1977@alphabiz.co.kr | 2024-04-26 08:48:51
(Photo = Krafton)
[Alpha Biz= Reporter Paul Lee] Mirae Asset Securities raised its target price to KRW 340,000 from KRW 330,000 on the 26th, saying it is believed to be the timing of the purchase as the recent decline has been excessive.
Mirae Asset Securities said in a report that Crafton's stock price fell 13% over the past three days, saying, "It is an excessive fall considering that the discount rate was 3.1 to 6.2% based on the closing price on the 22nd."
As for Dark & Hacker M, which recently launched a closed beta test (CBT), "Unlike concerns, it is estimated that more than tens of thousands of downloads have been made even though it is an Android-limited CBT," he said. "Even assuming a crushing defeat in the box office, the drop in operating profit will be less than 2% this year."
In the first quarter, the company estimated sales of 589 billion won and operating profit of 260 billion won, exceeding the consensus (average earnings forecast). In the PC sector, steep traffic growth will drive sales growth, while in the mobile sector, growth in global regions outside China will offset the drop in sales in the Chinese New Year.
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