- IGG's stock price rose by +33.5% year-to-date, thanks to its partnership with distribution platform TapTap and a new share award scheme linked to share price performance.
- But IGG's good share price performance might not be sustained, if the company is unable to come up with new successful games to reduce its reliance on its flagship game.
- The market values IGG at 9.1 times consensus forward FY 2021 normalized P/E, and the stock boasts a consensus forward FY 2021 dividend yield of 3.2%.
For further details see:
IGG: Reliance On Flagship Game Is Still The Key Concern