Sat, Sep 23, 2006 - Page 12 News List

Tokyo exhibition prompts boost of games firms shares


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 (智冠科技) saw shares drop NT$0.5 to NT$33.25 after rising for several days. Soft-World is not represented at the show.

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 (富貴達人Online), San Ma Do (仙魔道) and Stars (星辰), games it developed, and Art of War that Gaminia created in collaboration with South Korean gaming company GNI, Gaminia said in a statement.

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 (黃易群俠傳).

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.

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