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CDR - CD Projekt SA News Story

PLN256.2 0.0  0.0%

Last Trade - 15/01/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £5.06bn
Enterprise Value £4.95bn
Revenue £129.7m
Position in Universe 8th / 779

BUZZ-CD Projekt: Slumps on "Cyberpunk" pre-order report

Thu 1st October, 2020 3:03pm
** Shares in Poland's video game developer CD Projekt
 CDR.WA  inched down as much as 7% by Thursday afternoon, the
company's worst day since May
    ** Analysts Piotr Bogusz (MDM), Michal Wojciechowski
(Ipopema) and Kacper Kopron (Trigon) point to M Science's report
cited on Thursday by TheGamer saying U.S. pre-orders for
"Cyberpunk 2077" are trailing those of other major games https://bit.ly/2HFUZfu
    ** Still all three analysts underline the fact that the
report only includes U.S. pre-orders for consoles and only
within a 12-month period prior to release date, while
"Cyberpunk" pre-orders launched earlier
    ** Accumulation of pre-orders usually takes place 2-3 weeks
before launch date, adds Bogusz
    ** "Expectations for 'Cyberpunk' are record high, so the
report might be just a pretext for a discount", says
Wojciechowski, adding that "nervousness around the share price
will be increasingly visible as the release date approaches"
    ** CD Projekt, which is set to release "Cyberpunk 2077" on
November 19  urn:newsml:reuters.com:*:nW8N2EZ005, was not immediately available for
comment
    

 ((karl.badohal@thomsonreuters.com))
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