FreFre

[Ran 🌹 @snowmoonrising]

6. $GRVY 🧙‍♂️
Gravity Co., LTD.
NASDAQ

เจ้าของเกม Ragnarok Origin ดูแหล่งรายได้แล้วมาจาก mobile 3/4 และแชมป์เติมเงินคือไต้หวันกับไทย แค่ 2 ประเทศก็เกินครึ่งเข้าไปแล้ว ตัวนี้ market cap ยังเล็กมาก ถ้าปั่นคงมันส์ 555 แต่ในอดีตก็มี scandal หลายเรื่องเหมือนกัน ราคายังไม่สะท้อนงบ q1

[Jan @janthecurious1]

$grvy Institutional Holders naturally increases. 2023 May 12. 👍🤑

[Thomas Schulz @ValueTom84]

My case for $GRVY

Market Cap: 552 M KRW (at $59.5)
Net Cash: 374 M KRW
EBIT 2022: 105 M KRW
-> EV/EBIT 1.7x
Clearly the stock looks supercheap.

[FreFre @FreFre93881867]

We allowed Taren and Teamtop Interactive to use the contents of Ragnarok Online to develop three mobile games and one mobile game, respectively, and distribute such games in China.

[FreFre @FreFre93881867]

$GRVY Looks attractive again

Market Cap : $413mm
Cash: $283mm
EV: $130mm
EBIT(Last 4Qs): $95mm
Trailing EV/EBIT: 1.31
Net profit(Last 4Qs): $78mm

1.2Q23 Ragnarok Origin(SEA region)
https://t.co/dgHGvWj66n

Ragnarok origin initial one week revenue in SEA > Taiwan

[FreFre @FreFre93881867]

3)New Licensee(China) 2022Gravity 20-F

We entered into an agreement with each of Shanghai Taren Network Technology Co.,Ltd. and Guangdong Xinghui Teamtop Interactive Entertainment ,Ltd.both game developers and publishers in China, in July 2021 and January 2023, respectively.

[FreFre @FreFre93881867]

2.Ragnarok X - Mainland China Publish Contract

https://t.co/gQBZ43zgwI

Raganrok X coming in mainland China.

[FreFre @FreFre93881867]

Ragnarok Origin pre-registration 550k +
$grvy
https://t.co/cgsT4E0nZI

[Olle @89Olle]

$Grvy Q2 ute: Stark prestation fån Online i SG/MY/PH/TW/TH leder vägen (25bKRW i PC intäkter). Spelet fyllde 20 år i kvartalet. Mobilintäkter något bättre än väntat på 68bKRW (upp från 63bKRW i Q1). Mobiltillväxten Q-Q drivet av The Labyrinth of RO NFT & Monsters Areana Taiwan.

[Jan @janthecurious1]

$GRVY Fantastic result and with an impressive pipeline of releases in H2 ☀️😀💪

[FreFre @FreFre93881867]

@pokertrader1 summoners war once got license before, it lauched in 2014, so that is different. black desert never launched at china.

[FreFre @FreFre93881867]

国家新闻出版署-进口网络游戏审批信息-2021年进口网络游戏审批信息 (https://t.co/1zj7DhoEun)

​Korea mobile game 'Black Desert Mobile' got approval by China government.
This approval is the first time since 2017.

$grvy

[FreFre @FreFre93881867]

6)Google Rank is more important especially in thai. Most users use app players such as Nox, Blue stack. Those app players can not log in by apple ID.
So even apple phone users has to make G-mail ID and pay by google. So that's why Thai google ranked #2 by 3days.

[FreFre @FreFre93881867]

$grvy

#Ragnarok X app Gross Ranking
<apple>
Philippines 1st
Indonesia 1st
Thailand 2nd

<Google -3days> ranked by 7days aggregate(which means 3/7)
Thailand 2nd
Indonesia 4th
Philippines 6th

[FreFre @FreFre93881867]

5)Some investors don't know about SEA Garena game power. 4Q18 Garena game(Free fire + 5vs5) revenue 231.4 $mil -> 1Q21 1.1 $bil.
Garena free-fire expands to globe and got powerful IP in SEA region. so if Ragnarok X exceed Garena, it means a lot.