交銀:上調網龍(0777.HK)收入及盈利預測 升目標價至36.6港元
交銀國際發表報告表示,網龍(0777.HK)去年下半年收入及淨利潤分別超預期5%及7%,該行上調其今年總收入及利潤預測2%及6%,目標價由32.8港元上調至36.6港元,維持“買入”評級。
報告預計,公司今年遊戲收入增15%,當中PC及手遊分別增7%及48%,7款新手遊將於今年上線,當中6款獲得版號,並預計普米收入增長18%,其中發達國家地區增8%,以及新興市場貢獻約2億元人民幣收入。
交銀又預計,Edmodo的內容變現年化收入有望達到2.18億元人民幣,佔今年教育收入8%,但未反映在目前的預期中。目前股價僅反映遊戲業務6倍市盈率,看好遊戲圍繞IP挖掘新產品的策略,以及教育業務對長期估值增長的帶動作用。

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