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[Alpha Biz=(Chicago) Reporter Paul Lee] Daol Investment & Securities said on the 13th that Kakao Games is lacking the attractiveness of its new products compared to its high valuation (corporate value).
Daol Investment & Securities lowered its investment opinion in Kakao Games to 'Hold' and cut its target price by 10% from 30,000 won to 27,000 won. Kakao Games shares traded at 25,450 won on the KOSDAQ market on the 8th.
"Operating profit could rise gradually with the launch of global markets such as 'Rom' in the first half of this year," said Daol Investment & Securities Co. "However, the new lineup secured at this time will not generate profits that can justify high valuation until 2025."
Although stock prices are fluctuating as Kakao Games is revamping its management, Daol Investment & Securities believes that there is a limit.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
