《大行報告》高盛升騰訊(00700.HK)目標價至542元 評級「買入」
高盛發表的研究報告指,騰訊(00700.HK)於6月26日召開騰訊遊戲年度大會,會上公司公布了逾40隻遊戲產品的更新及路徑圖,當中包括36隻新的自研遊戲及授權遊戲,並宣布將在8月12日推出手機版《地下城與勇士》,公司管理層在會上分享其遊戲策略,當中包括三個主要原素,分別是技術、遊戲玩法及故事情節,而管理層亦特別指出公司加快採納新技術,縮短創新週期及令遊戲IP有更豐富的創作。該行認為環球線上遊戲行業是娛樂領域中增長最快的板塊,料到2024年收入規模將達2,000億美元,同時亦正進入新的階段。
該行對騰訊捕捉行業增長機遇看法仍然正面,因為公司擁有龐大網絡,並為逾百遊戲公司及製作室提供資源開發遊戲,靠著IP及併購活動等,料可進一步鞏固公司在線上遊戲行業的領導地位,估計騰訊手遊收入於今年次季、今年及2021年將分別按年增50%、44%及23%,主要受惠《王者榮耀》及《和平精英》表現理想,加上由Supercell開發的《荒野亂鬥》推出後亦有強勁表現,此外公司將在8月12日推《地下城與勇士》,估計將是下一個重大的增長催化劑,而騰訊亦有很強的產品線及多個手遊計劃推出。
該行維持預測大致不變,但考慮到人民幣兌美元的匯率調整,將令投資組合市值有所提升,將其目標價升至542元,評級「買入」。
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