The CEO of Vic Game Studios, Choi Jae-Young, said they will delay the launch of the much anticipated mobile game "Black Clover Mobile: Rise of the Wizard King" to 2023.

The CEO of Vic Game Studios, Choi Jae-Young, said they will delay the launch of the much anticipated mobile game "Black Clover" to 2023. He announced the same after the launch of its anime and manga-based website. The release of Black Clover: Rise of the Wizard King had to take place in 2022 for Android and iOS. However, the makers will delay it to the first half of 2023 to improve some areas and its quality. The makers will launch the beta version for select areas, but more has yet to be announced.

Trailers Are out

The announcement for the game took place in December 2021, and the series has launched many trailers of its characters and the official trailer for the game. You can watch the official trailer on their YouTube channel or website. The Rise of the Wizard King will be the second mobile game of the series. However, it would be Vic Game Studios' first. It is a subsidiary of Pearl Abyss. The game will be the first licensed game by Pearl Abyss ever. Vic Game Studios wants to target the global market with this game.

Should you flock to private banks after Q2 show? Brokerages list their top picks

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Stealing the Show

Major brokerage firms remain positive on private lenders, particularly from the midcap and smallcap segments, as they have delivered a strong performance for the quarter that ended on September 30, 2022. Some of these lenders have emerged as outperformers since the announcement of earnings, rising up to 45% within a week. Brokers see more upside is left in these names. Here's what analysts said about them:

ICICI Securities on Fino Payments Bank

Target Price: Rs 325 | Rating: Buy | Upside Potential: 60%

Q2 Results: Mumbai-based lender reported a profit after tax (PAT) of Rs 13.8 crore in the second quarter of the financial year 2022-23 (FY23). On a quarterly basis, the number was 36% higher, while PAT grew 75% on a year-on-year (YoY) basis.

Brokerage take: Management unveiled Fino 2.0 digital initiative during Q1FY23 aiming at converting ‘offus’ customers to ‘on-us’ and then cross-sell other financial services and products. Earlier investments towards digital platforms have already started yielding positive results as reflected in digital throughput now contributing 17% to total throughput as of September 2022, it added with a buy rating and a target price of Rs 325.

Yes Securities on Equitas Small Finance Bank

Target Price: Rs 63 | Rating: Buy | Upside Potential: 26%

Q2 Results: Equitas Small Finance Bank reported a nearly threefold rise in net profit to Rs 116 crore for the September 2022 quarter, backed by steady business growth and improvement in asset quality. A lower provision of Rs 90 crore as compared with Rs 142 crore in the same period last year.

Brokerage take: Key monitorables in the coming quarters would be any acceleration in growth; trends in mobilization and pricing of retail/HNI CASA and TDs; outcomes from the bank’s focus on deepening the recently acquired liability relationships; the trajectory of NIM; and management transition. "Calibration of NIM and cost/income expectations has led to mild cuts in earnings estimates. We retain 'buy' on favourable risk reward with valuation at 1.2x FY24 P/ABV," it added giving a target price of Rs 63.

Geojit Financial Services on Bandhan Bank

Target Price: Rs 63 | Rating: Buy | Upside Potential: 24%

Q2 Results: Bandhan Bank reported a net profit of Rs 209 crore for the September quarter as against Rs 3,009 crore loss in the year ago period, owing to a sharp fall in provisions and a rise in net interest income. Net interest income rose 13.3% to Rs 2,193 crore.

Brokerage take: It expects strong growth in advances and deposits, driven by the retail segment. Pickup in economic activities, ongoing festive/wedding season, improving asset quality, and strong collection efficiency augur well for the company’s performance in future. "Owing to recent corrections, the stock is now trading at attractive valuations, close to its 52-week low share price," it added, upgrading the stock to buy with a target price of Rs 282, based on 1.8x FY24E BVPS.

Motilal Oswal on AU Small Finance Bank

Target Price: Rs 700 | Rating: Buy | Upside Potential: 14%

Q2 Results: AU Small Finance Bank reported a 23% rise in its net profit at Rs 343 crore in the July-September quarter on healthy growth in loan disbursals aided by a consistent fall in bad loans. Its net interest income grew by 44% to Rs 1,083 crore during the July-September period of 2022-23.

Brokerage take: AU Small Finance Bank has been reporting a healthy performance, led by an expansion in margin and controlled credit cost. On the business front, growth in advances remains strong, while the traction in deposits, particularly retail deposits, remains healthy. "It carries contingent reserves of Rs 1.29b (25bp of loans), which, coupled with 17% coverage on restructured assets, provide comfort. We expect 25% earnings CAGR over FY22-24," it added, maintaining the buy rating and a target price of Rs 700

FAQs

When will the "Black Clover" game launch?
The CEO of Vic Game Studios, Choi Jae-Young, said they will delay the launch of the much anticipated mobile game "Black Clover" to 2023.

When was the original release?
The release of Black Clover: Rise of the Wizard King had to happen in 2022 for Android and iOS.

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Black Clover Mobile: Rise of the Wizard King launch postponed until 2023

Vic Game Studios will take more time and try to make the Black Clover mobile game perfect for its fans. The CEO of Vic Game Studios, Choi Jae-Young, said they will delay the launch of the much anticipated mobile game "Black Clover Mobile: Rise of the Wizard King" until 2023.

Should you flock to private banks after Q2 show? Brokerages list their top picks

Stealing the Show

ICICI Securities on Fino Payments Bank

Yes Securities on Equitas Small Finance Bank

Geojit Financial Services on Bandhan Bank

Motilal Oswal on AU Small Finance Bank

FAQs

Read More News on

Black Clover Mobile: Rise of the Wizard King launch postponed until 2023

Vic Game Studios will take more time and try to make the Black Clover mobile game perfect for its fans. The CEO of Vic Game Studios, Choi Jae-Young, said they will delay the launch of the much anticipated mobile game "Black Clover Mobile: Rise of the Wizard King" until 2023.

​Should you flock to private banks after Q2 show? Brokerages list their top picks

​​Stealing the Show

​ICICI Securities on Fino Payments Bank

​Yes Securities on Equitas Small Finance Bank

​Geojit Financial Services on Bandhan Bank

​​Motilal Oswal on AU Small Finance Bank

FAQs

Read More News on

Should you flock to private banks after Q2 show? Brokerages list their top picks

Stealing the Show

ICICI Securities on Fino Payments Bank

Yes Securities on Equitas Small Finance Bank

Geojit Financial Services on Bandhan Bank

Motilal Oswal on AU Small Finance Bank