Pearl Abyss will launch its Black Desert Mobile game on 26 Apr in China, according to media reports (MTN News; 24 Mar). The final beta test for the game started in China on 24 Mar, which we believe is being well received in gaming communities such as Huya and 17173. Reiterate Add with a TP of W160k, based on 30x FY22F P/E.
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