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Sangsang Securities has revised up the target price for Pearl Abyss from KRW 51,000 to KRW 63,000.

Business / Kim Minyoung / 06/25/2024 08:02 AM

(Photo = Pearl Abyss)

[Alpha Biz= Reporter Kim Minyoung] Sangsangin Securities paid attention to Pearl Abyss on the 25th, calling it "the item with the biggest momentum and theme of the year." The target price was raised to 63,000 won from the previous 51,000 won and the investment opinion 'buy' was maintained.


"The card that can be seen in the shortest period of time is the award and review of Gamescom in August," Sangsangin Securities said. "If we look at the games that have confirmed our participation so far, the chances of winning the Red Desert are not hopeless."

"It is not that difficult to win the actual award because we only judge games that are paid and supported among game companies," said Sangsangin Securities. "This time, both Sony and Nintendo are absent, and the main games of the event are Monhun Wild, Dune, and Red Desert."

"If it is awarded, it can prove not only its marketing effect but also its quality," Sangsangin Securities said. "If only red desert expectations remain high, the stock price will continue to be on an upward curve."

Pearl Abyss' expected performance in the second quarter is expected to turn into a deficit again with sales of 84 billion won and operating loss of 3.3 billion won, but it is estimated that it will exceed market expectations.

 

 

 

AlphaBIZ Kim Minyoung(kimmy@alphabiz.co.kr)

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