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《大行報告》美銀證券降網易(09999.HK)目標價至223元 手遊業務仍強韌
阿思達克 03-01 09:24
美銀證券發表研究報告指,雖然網易-S(09999.HK)去年第四季業績遜於預期,但該行仍對其手機遊戲趨勢及遊戲管道保持樂觀。該行相信,在宏觀不確定性的情況下,集團第四季手遊業務按年增29%,仍保持強韌並高於同業。 該行預期網易去年成功拓展遊戲類型,帶來MMO以外的更多增長和潛在的海外機會,又預計「蛋仔派對」在農曆新年期間的良好勢頭將在今年持續。因此,該行預計今年手機遊戲及遊戲總收入將按年增13%和8%。總體而言,該行在網易公布2023年第四季業績後對其2024至2025年每股盈測調低8至9%,目標價由235元下調至223元,重申「買入」評級。 該行表示,網易去年第四季總收入按年升7%至271億元人民幣,低於預期的282億元人民幣。經調整淨利潤按年增53%至74億元人民幣,淨利潤率為27.2%,略低於預期的79億元人民幣。
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