KRAFTON is trading 4.16% down at KRW 181,800 amid Meritz Securities’ target cut and forecast of third-quarter operating profit below market expectations.

  • On October 13, Meritz lowered its target to KRW 290,000 from KRW 350,000.
  • It cited quarterly PUBG event timing and a lack of growth-driving new releases; the report also noted development of PUBG: Black Budget had ended.
  • Available reporting does not confirm the note was the sole cause of the move.