External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives.

External broker reports(aggregated public sources)

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

Equity Bottom-Up

<ul><li>Vampir (released on Aug. 26) appears to be off to a very strong start, remaining the topgrossing title in both major app stores as of Sep. 7.</li><li>Daily revenue was around W3bn upon launch and is currently running in the W2bn range. Because Android revenue data for Aug. 26-31 were not fully captured due to a reporting error, we estimated revenue during this period by applying the average Android/iOS ratio observed from Sep. 1 onward.</li><li>We raised our 3Q25 average daily revenue estimate for Vampir to W1.5bn (from W0.5bn) and lifted our 3Q25 operating profit forecast by 21% to W85bn (vs. consensus of W81bn).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Vampir (released on Aug. 26) appears to be off to a very strong start, remaining the topgrossing title in both major app stores as of Sep. 7.Daily revenue was around W3bn upon launch and is currently running in the W2bn range. Because Android revenue data for Aug. 26-31 were not fully captured due to a reporting error, we estimated revenue during this period by applying the average Android/iOS ratio observed from Sep. 1 onward.We raised our 3Q25 average daily revenue estimate for Vampir to W1.5bn (from W0.5bn) and lifted our 3Q25 operating profit forecast by 21% to W85bn (vs. consensus of W81bn).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Netmarble

Netmarble (251270 KS/Buy)A Strong Buy