Qingci Games, a solid mobile gaming company with ignored catalysts

We initiated Aiming (3911.T) , a Japanese video game developer and publisher, on December 11th 2022 at JPY 415, following the strong success of “Master of Garden” mobile game. After initially going up to JPY 550 (+45% ROI), the stock plunged to JPY 268 (-36% ROI) at time of writing, mostly due to poor results of the new game “DanMachi Battle Chronicle” in Q3. We take a look at why it went down, and whether investors threw the baby with the bathwater.