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CDR - CD Projekt SA News Story

PLN250.1 0.0  0.0%

Last Trade - 22/01/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £4.94bn
Enterprise Value £4.83bn
Revenue £129.7m
Position in Universe 10th / 784

BUZZ-CD Projekt: Three times a charm?

Wed 28th October, 2020 8:22am
** Shares in Polish biggest video game maker CD Projekt
 CDR.WA  plummet 5% after the company postpones its highly
anticipated "Cyberpunk 2077" for the third time  urn:newsml:reuters.com:*:nFWN2HI0ZA
    ** CD Projekt said the delay is due to complexities related
to launching the game on nine different hardware platforms,
current and next generation, and under-estimating the time
required
    ** Credit Suisse points out that delayed premiere of
"Cyberpunk 2077" means less competition for France's Ubisoft
 UBIP.PA  and Activision  ATVI.O  titles 
    ** However, it lowers its target price by 5% to 400 zlotys
because of the delay
    ** Barclays adds that the move makes no difference to but it
thinks it will be a modest hit to sentiment; lowers target price
by 12% to 355 zlotys
    ** "We do think Cyberpunk 2077 will be a hit given the level
of gamer interest, but see this as priced in," it says

 ((Anna.banacka@thomsonreuters.com))
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