NCSOFT shares were strong early on the 12th. Buying is seen clustering on expectations for earnings after news that the new title "Aion2" will officially launch in Nov.
As of 9:30 a.m. that day, NCSOFT was trading at 217,500 won, up 15,500 won (7.67%) from the previous session.
NCSOFT said on the 11th that the massively multiplayer online role-playing game (MMORPG) "Aion2" will launch simultaneously in Korea and Taiwan on Nov. 19 this year. Preorders for Aion2 also began the day before.
Brokerages are focusing on the likelihood of Aion2's success. Kim Jin-gu, an analyst at Kiwoom Securities, said, "Aion2's characters and exterior elements such as outfits, weapons, and wings look very trendy," adding, "It is an attractive design that can encompass users in their teens and 20s, in addition to the existing user base in their 30s and 40s who enjoyed the previous title."
That day, Kiwoom Securities set a target price of 390,000 won on NCSOFT and offered a "buy" investment rating. Kim said, "The new Aion2 is highly likely to succeed," adding, "With detailed gameplay and content, it should significantly broaden the user base on an active users (AU) foundation."