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建銀國際:上調網龍(0777.HK)目標價至32港元 評級“跑贏大市”
格隆匯 07-13 17:03

建銀國際提升網龍(0777.HK)目標價至32港元,維持“跑贏大市”評級。

建銀國際指出在遊戲業務方面,預計該公司於2020年遊戲收入將同比增長14%。《魔域》於近期推出新資料片,《終焉誓約》將由Bilibili發行,預計下半年推出。如果下半年遊戲產品線上的新遊戲如期推出,全年收入同比增長預計將達到20%。基於公司遊戲業務的強勁增長,建銀國際預測網龍2020年全年淨利潤約為9.12億元人民幣,同比增加13%。

建銀國際認為,市場可能認為公共衞生事件對於該公司旗下普羅米休斯的影響較大,因為該業務約50%的收入來自於美國市場,但是普羅米休斯於當地的經銷商網絡大部分還是正常運營,另外今年上半年埃及有大訂單,可以彌補其他市場減少的銷售額。建銀國際認為公共衞生事件對於普羅米休斯的影響有限。

目前網龍新業務仍然持續增長,建銀國際維持該公司“跑贏大市”評級。網龍的國內教育和Edmodo業務仍在繼續增加用户數。遊戲市場持續升温,投資者正在尋找窪地,網龍的價格具有吸引力。

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