April 27, 2024

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[THE INVESTOR] Netmarble’s recent stock price fall has been excessive, and is a very good chance to purchase its stocks, said Meritz Securities on Dec. 7. 

It has unveiled a new game “Blade and Soul Revolution” but stock price has declined 11.95 percent to 110,500 won (US$98.84). Minor bugs including unintended shutdown did occur but this is a common issue for new games. Server outage and controversies over graphic and faring system show high interest in the game. It has topped downloads and revenue on app stores and will continue to rise, said analyst Kim Dong-heui.

The game maker’s earnings in the fourth quarter will be in line with market expectations with 590.9 billion revenue and 82.7 billion won operating profit. In addition, it has lined up “BTS World,” “A3” and “Seven Knights 2” for release in the first half of next year, said the analyst strongly suggesting to buy its stocks.

By Hwang You-mee (glamazon@heraldcorp.com)