Redeye comments on the favorable Tencent agreement and updates its estimates for 2022. A few days before New Year’s Eve Remedy announced the awaited partnership agreement for its upcoming co-operative multiplayer game codenamed Vanguard. In our most optimistic scenario Remedy would sign an agreement with the biggest gaming company in the world namely Tencent. Gladly it became true. However, we are less confident that Vanguard will be released this year, which is bad news for short-term investors.