瑞信维持雷蛇(1337.HK)“增持”评级目标价由1.7港元上调至1.9港元
瑞信8月23日发研报指,雷蛇(1337.HK)公布的2019年中期业绩好于预期,尤其是在软件/服务方面,以及对运营费用的控制有所改善。软件/服务只贡献了10%的销售额,却贡献了20%的毛利润。上半年的运营费用低于预期。
雷蛇预计云游戏和电子竞技是下一阶段的营收增长机会,该公司一直在与腾讯合作,通过Raiju移动控制器拓展其在中国的市场,并正在开发更多手机游戏外围设备。瑞信相信,这将是在中国市场实现盈利的主要方式。对于海外市场,瑞信认为服务和外围设备将是与腾讯合作和电子竞技起飞的主要盈利领域。
自2018年下半年以来,雷蛇已回购2.5亿股,占授权回购的28%,以及3%的流通股。瑞信相信雷蛇的服务和软件业务将继续推动利润的提高,并在2020年保持非公认会计准则盈亏平衡的目标。维持雷蛇“增持”评级,将目标价由1.7港元上调至1.9港元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.