Korea Stock Market Monthly Recap #12 - (March 2017)
Former President Park Geun-Hye was officially impeached in March. This will mark a major turning point in Korean politics, with the conservatives...
164 Views
Lineage M - Netmarble Games' Biggest Threat
Ncsoft Corp (036570 KS)is expected to launch Lineage M in 2Q17. LineageM should pose the biggest competitive threat to Netmarble Games'...
335 Views
Netmarble Games IPO (Part 3): Valuation Sensitivity Analysis
Our base case valuation for the company is 170,000 won per share (using 2018 EV/EBITDA), which suggests implied market cap of 14,658 billion won...
381 Views
Netmarble Games IPO (Part 2): A Human, Elf, Dark Elf, and A Dwarf on Its Way to $1Billion+ in Sales
We estimate Netmarble Games to generate sales of 2,961 billion won in 2017, up 97.4% YoY. We expect L2R to generate 1,125 billion in sales in...
281 Views
Netmarble Games IPO (Part 1) - Good: L2R; Bad: LineageM & China's Ban of New Mobile Games from Korea
GOOD NEWS: Netmarble Games' L2R mobile game is showing stunning growth.BAD NEWS: China recently banned all new mobile games from Korea. NCSoft's...
379 Views