瑞信下调金山软件(3888.HK)目标价至14.4港元次季业绩逊
瑞信发表报告指,金山软件(03888.HK)第二季业绩表现疲弱,主因网络游戏业务收入按年跌5%,差过预期,令季内收益较该行预期低6%,且毛利率按季持平,亦较预期低6个百分点,整体经营利润转录亏损。

报告补充,金山软件之游戏业务表现令人失望,新手游《剑网3》初步表现亦低於预期,公司已分配资源来改善游戏的功能及基础设施,目标於第四季正式推出市场。该行估计公司今年娱乐软件业务按年跌10%,对企业业务则相对稳定。
该行下调金山软件今明两年的盈利预测,以反映游戏业务的疲弱表现,因此将目标价由15.6港元下调至14.4港元,维持“中性”评级,相信短期内缺乏股价催化剂。
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