1. Investment
A company that invests well. It has invested in several companies such as Kakao Bank, Hive, Kakao Games, NCsoft, and Coway, and is making at least several times profits. However, due to sluggish gaming, the main business, the stock is trading sideways.
In August-Sep 2020, the stock price rose to 200,000 won due to the listing of Kakao Games + Hive, and then returned to its original position due to loss of momentum.
2. Games
Released Seven Knights, bts game, Second Country, etc. Second Country remained in the top 4 in sales for about two months and had some success in long-term box office success. .
Marble Future Revolution is released on August 25, 21, and plans to target overseas markets using super ip Marvel ip. In fact, 'Marvel Future Fight', which was released in 2015, accounts for 13% of sales in the second quarter.
3. Sales
Operating profit decreased by 80% in the second quarter of 21st, and was reflected in the stock price for a few days after the earnings were announced.
The reason for the awning shock
①Second country marketing expenses were reflected in 2Q, but game sales were reflected only for about 20 days.
② Decrease in operating profit due to an increase in developer ransom
Therefore, earnings are expected to be high in the third quarter, when sales from the second country are fully reflected. Given that the second quarter earnings have already been reflected in the share price, the stock price is expected to rise upward until the 3Q earnings release date, when high performance is expected. In addition, sales and operating profit are expected to rise as the financial statements are linked in 4Q with Spin x, which took over 2.5 trillion won.
4. Overseas market
Netmarble is constantly challenging overseas markets and establishing subsidiaries overseas. Currently, Netmarble's overseas market accounts for about 30 percent of its sales, which is different from NCsoft, which relies only on the domestic market. Because the size of the domestic market and the overseas market are different
Success abroad will show a greater profit increase than success in the domestic market.
Summary: Shares shattered due to 2Q earnings shock. As 3Q earnings are expected to be strong, we should slowly move upward from the 2Q earnings release date to the 3Q earnings release date for pre-recognition purposes. In addition, it is expected that the Marvel IP game to be used abroad will be released to achieve a box office success. Netmarble jjjjjjjangman who reinvests the profits obtained through investment in the game and grows the company!
