Kingnet (.SZ)_ +Ve on Dragon Nest_ World and Solid Pipeline; Raise TP to Rmb19.5
2025-02-28 05:14
A c t i o n | 24 Feb 2025 03:02:27 ET │ 13 pages Kingnet (002517.SZ) +Ve on Dragon Nest: World and Solid Pipeline; Raise TP to Rmb19.5 CITI'S TAKE Kingnet is likely to announce FY24/1Q25 results around late-Apr. We keep FY24E estimates unchanged which is largely inline with Street expectation. However, we see upside revision potential on 1Q25/FY25E estimates given solid debut of Dragon Nest: World on Feb 20 which ranked top-10 by iOS grossing in first 3 days of launch. With 17 games from Kingnet being appro ...