[EQUITIES] ‘NCSoft’s new mobile game to be a hit in Taiwan’
[THE INVESTOR] NCSoft is drawing expectations as it launches “Lineage M” in Taiwan next week, said NH Investment and Securities on Dec. 8, maintaining a “buy” recommendation and 640,000 won (US$584.15) target price.
Gamania, which published “Lineage 1,” is releasing the mobile game and 2.51 million registrations has been made by mid-November, a high number considering that Taiwan has a population of 23.50 million, said analyst An Jae-min.
The success of “Lineage M” in Taiwan will prove that mobile games can be a hit overseas and will lead to reevaluation of NCSoft, added the analyst maintaining a “top pick” rating.
By Hwang You-mee (email@example.com)