Gaming Stocks Surging for Summer Profits

Reported about 1 year ago

As summer vacation season arrives, gaming companies are launching new products to capitalize on the opportunity. Companies like Gamania, NetDragon, Softstar, XPEC, Xun You, and Hwa Yi have seen their stock prices rise with new product releases, igniting the summer boom. PwC's Global Entertainment and Media Outlook report predicts that Taiwan's gaming and esports industry will reach a value of 38.86 billion USD by 2024, with a projected value of 44.64 billion USD by 2027. Many gaming companies have already released games for the summer season in June, with some experiencing significant success like the game '洶湧海豚' published by Softstar, achieving a 100% conversion rate on its debut day. Additionally, other games like 'MapleStory' and 'Tales of Wind' continue to launch activities to maintain engagement during the summer. Companies to watch include NetDragon and Xun You, which are focusing heavily on the overseas market this summer.

Source: YAHOO

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