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

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 3Q25, Shift Up reported revenue of W75.5bn (+30% YoY; 4% above the consensus of W72.9bn) and operating profit of W49.5bn (+39% YoY; 7% above the consensus of W46.3bn).</li><li>Revenue from Goddess of Victory: Nikke reached W44.5bn (+30% YoY), including an estimated W37bn in global (ex-China) revenue (+10% YoY; returning to growth).</li><li>Stellar Blade revenue climbed 23% YoY to W27.7bn, in line with our estimate.</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>

For 3Q25, Shift Up reported revenue of W75.5bn (+30% YoY; 4% above the consensus of W72.9bn) and operating profit of W49.5bn (+39% YoY; 7% above the consensus of W46.3bn).Revenue from Goddess of Victory: Nikke reached W44.5bn (+30% YoY), including an estimated W37bn in global (ex-China) revenue (+10% YoY; returning to growth).Stellar Blade revenue climbed 23% YoY to W27.7bn, in line with our estimate.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.

Shift Up (462870 KS/Buy)Solid Global Performance from Goddess of Victory: Nikke