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DJ NCsoft Earnings May Get Support From New Game Launches in 1H -- Market Talk

· 02/07/2021 23:39

0436 GMT - NCsoft's earnings may get support from new game launches due in 1H of 2021, Daiwa Capital says. The bank says it expects the South Korean gaming company to start commercial services in 1Q for "Lineage 2M" in Taiwan and Japan, and for "Trickster M" in its home market. Daiwa also expects "Blade & Soul 2" to debut in South Korea in mid-2Q. The bank forecasts that a strong earnings growth cycle will emerge over the 2021-2022 period. Daiwa raises the stock's target by 5.9% to KRW1,260,000 and maintains a buy rating. Shares are 7.1% higher at KRW1,045,000. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

February 07, 2021 23:39 ET (04:39 GMT)

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