Shares of Com2uS(078340), which recently released the new title "Zeus: God of Arrogance," were surging early on the 2nd. Analysts in the securities industry said the new title is showing initial sales results that exceed expectations.
As of 9:19 a.m. on the 2nd, Com2uS shares were trading on the KOSDAQ market at 38,050 won, up 10.29% (3,550 won) from the previous session.
Kiwoom Securities raised its target price for Com2uS to 50,000 won from 47,000 won on the 2nd.
Kim Jin-gu, a researcher at Kiwoom Securities, said the initial performance of "Zeus: God of Arrogance" is exceeding prior expectations. Kim estimated average daily sales in the third quarter at 1.5 billion won, and projected average daily sales this year and next year to normalize to 960 million won and 470 million won, respectively.
Kim explained, "For the flagship new title 'Zeus: God of Arrogance,' we believe the degree to which the business model (BM) stance and management of small and mid-tier paying users are practically reflected will allow verification of the level of sustainability in user metrics and sales."