As the Tokyo Game Show opened yesterday, shares of three of the nation's online games companies soared by their 7 percent daily limit on expectations that increased sales would follow from their participation in the show.
Chinese Gamer International Corp (中華網龍) shares closed at NT$70, Gamania Digital Entertainment Co (遊戲橘子) posted at NT$23.60, Wayi International Digital Entertainment Co (華義國際) closed at NT$18.40, and Softstar Entertainment Inc (大宇資訊) posted at NT$8.01.
The nation's largest game developer, Soft-World International Corp (
The Tokyo Game Show, the world's second-largest of its type, is celebrating its 10th anniversary with a record 1,701 booths. This year also sees the establishment of a Taiwan Games Pavilion, marking the increasing presence of Taiwanese game developers in the market.
Gamania is showcasing its Bright Shadow, Super Rich Online (
The surge in share prices yesterday was merely a continuation of gaming stocks' rising streak this month, after companies reported significant gains last month.
Chinese Gamer, a subsidiary of previously struggling Soft-World, turned around in March after unveiling several new games, including the popular Huang Yi Online (
For the first eight months of the year, Chinese Gamer posted pre-tax earnings that grew by 177 percent to NT$59 million (US$1.8 million) from the same period last year.
The company's share price rocketed from NT$20.50 at its lowest last month to a record high of NT$70 yesterday. It is listed by the Taiwan Stock Exchange as one of the "Attention Securities."
Gamina also saw its share price reach a historical peak on bumper sales. For the first eight months of the year, the company posted sales of NT$1.92 billion, a 60.5 percent increase from a year ago.
As Chinese Gamer, Wayi, Gamania and Softstar are due to introduce new games to stimulate the market next month, their share prices may climb further.