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South Korea

KR : Pearl Abyss Corp - BDM China release on 26 Apr

    Mike HONG
    CGS-CIMB
    26 March 2022
    Published by

    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.