The Zhitong Finance App learned that CICC released a research report stating that it maintained the IGG (00799) “neutral” rating, lowered its revenue forecast for 2022 by 10% to HK$4.48 billion due to product performance and the launch process of the new game falling 10% to HK$4.48 billion, and the target price cut 6% to HK$3.18 compared to the current stock price. Also, considering that the product launch process and performance are relatively uncertain, the 2023 non-IFRS net profit was reduced by 9% to HK$370 million.

Looking ahead to 2023, it is expected that a new reserve tour will be launched and the flow will increase. Among the company's stock products, the strategy mobile game “Doomsday”, the Vikings-themed SLG mobile game “VikingRise”, and the action game “Yeager: Hunter Legend” have been tested overseas, and the company has also stocked a variety of strategy, placement, and RPG products. The bank believes that the company's reserve products are rich in gameplay and topics, and that key products such as “Doomsday” and “Vikingrise” are expected to be launched within the year. It suggests continuing to pay attention to the company's key product version updates and new game launch process.