Seize "Black Myth" GCL (GCL.US): The gaming sector's rare dark horse stock, is the next "myth" on the way?

With the huge success of phenomenally successful works such as "Black Myth: Wukong" and "Genshin Impact" on the commercial level, the positioning and influence of Asian gaming forces in the global market seems to be quietly changing, with the gaming industry's discourse and innovation center continuing to shift to the East. In this wave of industry reshaping driven by content innovation and technological breakthroughs, a group of Asian gaming companies that were previously hidden in the shadows are now accelerating towards the center stage. Take GCL (GCL.US), which recently landed on the NASDAQ in the United States earlier this year, for example. As a gaming company rooted in Singapore that quietly integrates Eastern and Western creative and capital resources, on one hand it can be said that it is quite representative among Asian gaming companies, while on the other hand GCL seems to possess many "atypical" traits. And as the company's performance accelerates after crossing a turning point, the fundamental advantages and long-term growth potential of GCL, which was involved in the overseas distribution of "Black Myth: Wukong," finally become exposed in the market: the company is expected to exceed $240 million in revenue, with a projected year-on-year growth of over 70%; gross profit is expected to exceed $30 million, with a projected year-on-year growth of 200%. The idealistic entrepreneurial path of "leveling up by defeating monsters" When trying to predict the future of a company, one must first look back at the path it has taken. For most domestic investors, GCL is not a familiar face. But in fact, the brands under GCL have not only released well-known games such as "The Heart of Atomic" and "Stalker 2," but also assisted in producing the PS5 physical edition of "Black Myth: Wukong." After years of rapid expansion, GCL is no longer just a regional game distributor, but has gradually grown into a gaming incubation platform that combines deep industry resources and mature overseas channels. The "evolution" of GCL is inseparable from the personal traits and strategic determination of the company's chairman, Jacky Choo. Jacky Choo graduated from the National University of Singapore. Although he is a science and technology genius, he not only loves games but also understands them. Eighteen years ago, faced with the Southeast Asian gaming market that was still in a chaotic development stage at the time, Jacky Choo resolutely chose the gaming track in a nearly all-in state of mind. It should be noted that Jacky Choo's decision at that time was not a market speculation, but rather stemmed from his deep understanding and enduring passion for games. Jacky Choo's love for games is deeply ingrained in GCL's corporate DNA. In the current industry environment focused on capital efficiency, this stands out: while giants generally adopt a "picking fruit" investment approach, focusing on targets that have already proven commercial capabilities, mature teams, or big IP, GCL often takes on a "reverse selection" in project screening placing more emphasis on the innovation and quality of the game itself rather than prioritizing short-term profitability. This persistence in the concept of "product first" is in line with the "idealism" rooted in the gaming industry by GCL's helmsman, Jacky Choo. For the gaming industry as a whole, GCL also plays an indispensable role as a "seed planter" in the industry ecosystem. After all, a complete and healthy ecosystem not only needs towering trees, but also a healthy environment for seedlings to grow. What Jacky Choo and GCL are doing clearly provides the possibility for those "seeds" with unique creativity but lacking resources to emerge. The solid fundamental "turning point" Emotion was the bottom driving force that led Jacky Choo to venture into the gaming industry, but ultimately the survival of the company relies on a commercial loop. And now GCL has crossed the stage of relying solely on ideal support, and the fundamentals of the company are entering a solid new phase its product matrix and operating system are beginning to generate profits and cash flow. This means that GCL has not only proven the commercial sustainability of the "product first" model, but has also accumulated crucial capabilities to support the gaming industry in the future and help the ecosystem become more diverse. The most compelling evidence of this is GCL's disclosed 2025 fiscal year report. This highly valuable financial report shows that in the 2025 fiscal year, GCL's revenue increased by a strong 45.7% year-on-year to $142 million; gross profit rose to $21.2434 million, with a gross profit margin of 15%, an improvement of 1.3 percentage points year-on-year; and net profit successfully turned loss into profit, reaching $5 million in the period. Behind the steep rise in core financial data lies the fact that GCL's business development officially crossed a turning point in the 2025 fiscal year. This turning point was driven by multiple forces: on one hand, the continued expansion of GCL's game distribution map during the reporting period, accelerated by scale effects; on the other hand, the more critical catalyst came from "Black Myth: Wukong," where GCL's 4Divinity, through assisting in producing the physical edition of the game for PS5, not only contributed a substantial amount of incremental revenue and profit to the group but also successfully transformed a blockbuster-level cooperation into a concentrated showcase of GCL's global supply chain capabilities and brand reputation. Upcoming heavy new games with strong growth momentum If the 2025 fiscal year report confirmed the initial appearance of GCL's turning point, then the company's recent disclosure of the 2026 fiscal year performance outlook has "spoiled" the fact that GCL is about to enter an accelerated growth period, reaping the rewards of its long-term preparation and investment. According to GCL's announcement, the company is expected to exceed $240 million in total revenue for the 2026 fiscal year, with gross profit exceeding $30 million. Core financial data is expected to continue its high-speed growth trend, and beyond that, what is equally exciting is the prospect of looking ahead at GCL's future. The company's growth visibility is increasing. The most direct reason for this is naturally the upcoming launch of GCL's two core games, "The Resistance" and "Showa American Story". "The Resistance" is particularly worth paying attention to. This narrative-driven first-person shooter game set during the Sino-Japanese War period combines elements of stealth, espionage, and high-intensity combat, with players taking on the role of a resistance fighter struggling to survive in the midst of war. In terms of gameplay, the game not only offers an engaging single-player campaign, but also seamlessly combines high-intensity gunfights with immersive stealth missions. Players will navigate through dark streets and war-torn villages, with each meticulously crafted battlefield scene going beyond the scope of a combat stage, becoming silent storytellers that add more emotional depth and historical weight to the game. As a domestic anti-Japanese theme standalone FPS game, "The Resistance" has significant potential to become a market hit, with core advantages focused on its scarcity of themes and solid quality strength. Focusing on the theme of the Sino-Japanese War, which evokes strong national emotions, the game fills a market gap in domestic standalone anti-Japanese theme FPS games and can stimulate patriotic feelings among domestic players while also possessing an international communication foundation due to the historical value of the Eastern front. Supported by the Unreal 5 engine, combined with rigorous historical and on-site research, the game quality is solidly guaranteed. If "The Resistance" can deliver on its quality promises in the live demonstration at the end of 2025, captivating players with smooth controls and immersive historical narratives and with a reasonable distribution strategy, it is highly likely that it will become a benchmark work for domestic standalone games, igniting a craze in the domestic market and garnering attention globally. "Showa American Story" constructs a stylish action RPG world with a disruptive alternate setting and retro pop culture aesthetics. Both of these products reflect a deep integration of high-concept themes with mature gameplay categories. It can be expected that the experience and methodology accumulated and verified by GCL in other classic projects in the past can also be reused in these two new games, providing key support for their commercial success. The two heavy new games are expected to "take over" as GCL's new growth engines, and further exploration shows that GCL is also working to strengthen the long-term capabilities of its platform, systematically building deep moats from top to bottom to protect its business. Currently, GCL is actively integrating core components of the ecosystem such as distribution, hardware, and original IP creation, building a more complete business loop. Recently, GCL also signed a memorandum of understanding to acquire Madeviral, a Southeast Asian gaming influencer marketing agency with over 40,000 gaming influencers globally, which, once the transaction is completed, is expected to further strengthen GCL's global gaming marketing and distribution capabilities. Past performance confirms the initial appearance of GCL's fundamental turning point and potential, while a series of new developments indicate that the company is on the verge of an outbreak the "night before," with investment value poised to shift dramatically. However, perhaps due to the fact that GCL is a Singaporean gaming company and its listing time is still short, the capital markets are still in a state of "valuation chaos" for the evolving GCL. The company's growth potential is far from being fully priced. In a sense, this is actually good news for off-market investors. Taking advantage of the fact that the market has not yet caught up, strategically building a position in GCL at this moment is likely to yield significant investment returns in the future.