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大行評級|大和:嗶哩嗶哩第三季業績可能是股價關鍵催化劑 評級一舉升至“買入”

大和發表研報,指嗶哩嗶哩第三季業績可能是股價關鍵催化劑,料其於今年第三季度可實現盈虧平衡,料經調整營業利潤將為1.63億元。該行指,隨嗶哩嗶哩的獲利軌跡可見性變得清晰,相信其廣吿及遊戲業務或會成為推動未來盈利進一步上升的兩大支柱。

大和預計,嗶哩嗶哩旗下游戲《三國:謀定天下》第四季遊戲更新後,其IOS總收入排名將再次提升至前10名之內。該行亦預期,嗶哩嗶哩旗下《咒術回戰》的遊戲收入將於第三季度按年升71%,出現更清晰的獲利軌跡。該行並對其利潤率擴張軌跡持樂觀態度,料第三季度毛利率將按季增長4.6個百分點至34.5%。

另外,大和將嗶哩嗶哩2024至2026財年每股盈測上調介乎1%至3%,同時將其H股目標價由210港元上調至215港元,評級由“持有”一舉升至“買入”。

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