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《大行報告》野村上調網易(09999.HK)目標價至173元 評級「買入」
阿思達克 08-17 10:20
野村發表的研究報告指,網易(09999.HK)次季收入及盈利好過預期,期內受營銷開支較高拖累,經營利潤表現稍遜預期,次季收入按年增長26%,高於市場預期的18%,主要受惠線上遊戲及網易雲音樂的收入,每股盈利增長32%跑贏該行及市場預期,主要受惠收入較高及非經營收入的帶動。

該行將公司2020及21財年的收入預測分別升3%及7%,每股盈測則各升1%,以反映來自線上遊戲及創新業務的收入較高,維持「買入」評級,目標價由168元升至173元。

野村估計今年網易第三及第四季線上遊戲收入將分別按年升16%及29%,主要因為第三季一般都是線上遊戲業務表現較強的季度,但由於今年暑假較短,故或會帶來影響,而第四季公司將有兩款新遊戲推出,估計亦將帶動表現,料下半年按非通用會計準則計算經營溢利將按年增長21%,增速較上半年有所加快。(el/a) ~

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