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《大行報告》花旗下調IGG(00799.HK)目標價至9.7元 評級「中性」
阿思達克 12-24 09:41
花旗發表的研究報告指,將IGG(00799.HK)評級維持「中性」,認為《王國紀元》勢頭穩定,不過新遊戲《奇幻書境物語》及《槍戰異世界》可見性仍較低,估計《王國紀元》將貢獻今年下半年及明年收入的90%及74%,故認為公司過度依賴這款遊戲將有較高風險,目標價由10元降至9.7元。另外該行亦將公司2020-22年的每股盈測分別調整0%、-6%及2%,以反映明年新遊戲推出營銷開支帶來的影響。

該行指出在上半年的業績會議中,管理層指《王國紀元》營收於今年7月創新高達6,000萬美元,而遊戲之後亦有穩定表現,據App Annie數據顯示遊戲在中資手遊海外營收榜中排名第七,而8-11月則排第四至第六位,故估計遊戲下半年每月營收約為6,000萬美元左右。

另外公司之前曾指會抓緊機會加強宣傳及推廣,故《王國紀元》第二季營收按季急升18%,該行認為公司正進取地吸納玩家,而情況在下半年將持續,並估計下半年銷售及營銷開支將為1億美元。

另一方面,公司於8月在全球推出《奇幻書境物語》,該行留意到宣傳步伐穩定,截至12月20日遊戲在14個國家的iOS下載榜中排名首一百位,而《槍戰異世界》方面公司指在7月份的測試中留意到這類型遊戲有市場機遇,經調整後估計將在明年上半年推出。(el/k) ~

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