《大行报告》美银证券首予心动公司(02400.HK)「买入」评级 目标价72元
美银证券首予心动公司(02400.HK)「买入」评级,目标价72元,此按现金流折现率作估值,指公司拥有内地最大游戏社区TapTap、及作为一间网游营运商,随着自身研发游戏推出,估计心动公司於2021年至2022年盈利年复合增长率将会加快至39%。
该行指出,心动旗下TapTap渗透率仍低,该行预计其MAU(每月活跃用户)将随着TapTap上分发的游戏数量不断增加。AppsFlyer预计亚太地区游戏应用APP安装广告支出的复合增长率达26%,料TapTap的市场份额可上升。
美银证券料心动公司2020年至2022年经调整纯利各3.33亿、5.05亿及6.57亿元人民币。
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