華泰證券:三七互娛“研運一體”打造精品 首予“增持”評級
格隆匯1月2日丨華泰證券指出,三七互娛作為A股頭部遊戲廠商,“研運一體”戰略領先,公司遊戲儲備豐富,新游上線及出海SLG有望產生新的增量,同時,公司在IP運營及出海有望取得突破,SLG品類出海優勢明顯,預計將推動公司業績和估值中樞提升。預計公司19/20/21年EPS為0.98/1.16/1.34元,參考可比公司2020年平均PE約21倍,結合公司新遊及出海擴張的業績增長及估值中樞提升的預期,給予25-26X PE,目標價29-30.16元,首次覆蓋給予增持評級。
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