HALISTER1: Gree Rises as Credit Suisse Sees New Hit Titles Helping Earnings

Gree Rises as Credit Suisse Sees New Hit Titles Helping Earnings

(Bloomberg) -- Success of co.’s hit smartphone game Another Eden has increased possibility that earnings could re-enter a growth phase, Credit Suisse analyst Keiichi Yoneshima writes in a note dated May 31.
  • Co. has begun to establish a business base to expand profits and cash flow, and help more aggressive marketing
  • Also focusing on data for SINoALICE, co.’s jointly developed game title due for release on June 6
  • Upgrades to neutral from underperform; more than doubles PT to 970 yen from 480 yen
  • Shares rise as much as 6.1% to highest since June 2014; volume ~96% of 3-month full-day avg
  • 4 buys, 5 holds, 4 sells; avg PT 826 yen: Bloomberg data
To contact the reporter on this story: Yuko Takeo in Tokyo at ytakeo2@bloomberg.net To contact the editors responsible for this story: Vivek Shankar at vshankar3@bloomberg.net Jonathan Annells

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
3632 JP (Gree Inc)

People
Keiichi Yoneshima (Credit Suisse Group AG)

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