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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Minyoung] NH Investment & Securities said on the 27th that if the "Legend of Mir" scheduled for the second half of this year succeeds, the value of the game business will begin to be recognized. The investment opinion was 'buy' and the target was 'down' by 23.29% from 73,000 won to 56,000 won. The closing price of the previous trading day was 42,600 won.
"Nightcrow (Global) sales are stabilizing without a sharp decline, and the company is expected to reduce its operating deficit in the second quarter of this year and turn into an operating profit surplus in the third quarter due to royalties (KRW 100 billion) and 'Legend of Already' to be reflected in the third quarter of this year," said NH Investment & Securities.
"As the company has yet to make a reservation in advance, 'Legend Already', which has concerns over its launch in the third quarter, is expected to conduct a test in the near future and finalize the release date," NH Investment & Securities added. The rebound in the price of Wemix due to the introduction of the half-life of Wemix was also seen as a positive factor for Wemade stock prices.
However, as for the drop in the target stock price, the company explained that the company initially expected to release Mir 4 (China) in the third quarter of this year and Mir M (China) in the fourth quarter of this year, but lowered its performance estimate for 2024 considering the possibility of a delay.
Both games have selected publishers in China, and Mir M is not expected to be delayed for more than six months, given that the issue has already been issued.
In addition, researcher Ahn predicted that Wemade's sales in the second quarter of this year will increase 46.4% year-on-year to 233.2 billion won and operating loss to 4.3 billion won.
AlphaBIZ Kim Minyoung(kimmy@alphabiz.co.kr)
