Rating: Overweight
Target Price (KRW): 157,295
Price (8 Oct 2015, KRW): 123,300
In the last quarter, 2Q15, Daum Kakao’s earnings from game industry has been diminished to 53,984 million KRW. It has incurred some loss from its game business having some of its market share taken by its competitors. However, the numbers are improving due to “Friends Pop for Kakao”, which is proven to be a big hit and ranks 1 st in mobile app store for games in Korea. The earnings are projected to improve further as it launches “Anipang Matgo” and “Shanghai Anipang.”
Download Report:
The KEIC 