GLUU Stock Predictions: Publishing Tencent’s ‘Honor Of Kings’ Could Notably Boost Glu Mobile’s Revenue

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

‘Honor Of Kings’ Could Boost Glu Mobile’s Revenue

Summary:

  • I Know First has bullish algorithmic forecasts for GLUU. Monthly technical indicators and moving averages are also endorsing a buy for GLUU.
  • I am not yet going to go long GLUU. However, I know why it’s getting positive endorsement from I Know First’s deep neural network.
  • Tencent’s upcoming U.S. release of its hit Chinese mobile MOBA game could lead to Glu Mobile being the publisher for it for North America and Latin America
  • Tencent has chosen Netmarble as the publisher of the Korean version, Penta Storm, of Honor of Kings in South Korea.
  • Garena (partly-owned by Tencent) is likely to become the publisher for South East Asian countries. Glu Mobile is also partly-owned by Tencent.

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Tencent Stock Price Prediction: Why You Should Go Long Tencent Before 2017 Ends

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Tenecent Stock

Summary
  • Tencent’s wise decision to port a mobile version of its League of Legends PC MOBA game is paying off big time.
  • Honor of Kings (also known as King of Glory) is a Chinese mobile version of League of Legends and App Annie says its May 2017’s top-grossing game.
  • Honor of Kings was already generating gross sales of 2 to 3 billion Yuan earlier this year. This mobile game could generate $2 billion in FY 2017.
  • Tencent’s Fantasy Westward Journey RPG is also the world’s fifth top-grossing mobile game. Tencent’s subsidiary Supercell’s games, Clash Royale and Clash of Clans are No.4 and No. 6 respectively.
  • TCTZF touts a very bullish one-year algorithmic forecast from I Know First.

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