《大行報告》大摩相信網易(NTES.US)股價60日內將升 評級「增持」
摩根士丹利發表技術分析報告,相信網易(NTES.US)股價60日內將升,發生機會率為70%至80%,對其股份評級為「增持」,目標價140美元。
該行表示,網易股份近期遭到拋售,令短期估值更為吸引,並認為近日集團下架包括《哈利波特:魔法覺醒》在內數款遊戲的電腦版是無關重要,因過去一至兩年行業沒有許可的遊戲已被監管機構全面清理,包括騰訊(00700.HK)和其他發行商的遊戲。而有關遊戲主要的變現亦是透過手機版而非電腦版。
大摩又稱,網易現時估值相當於明年預測市盈率22倍(或核心業務預測市盈率16倍),且看到市場對其明年的遊戲收入預測有調升空間。該行相信,集團未來催化劑包括《哈利波特》等遊戲推動今年第四季的業績預期強勁,毛利率按季有增長;許可批准重啟;明年上半年推出《哈利波特》等遊戲的國際版;以及音樂業務可能上市。
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