《大行報告》摩通上調IGG(00799.HK)目標價至9元 評級「中性」
摩根大通發表研究報告,維持予IGG(00799.HK)「中性」評級,目標價由8元升至9元。
該行指出,公司去年來自北美、歐洲和亞洲收入佔比分別31%、23%及39%,股價今年首四個月累升62%,同期MSCI中國指數升1%,主因投資氣氛帶動,包括其《王國紀元》手遊在上半年表現強勁,以及與TapTap在遊戲發行的潛在合作。
摩通表示,公司股價自4月起下跌41%,同期MSCI中國指數跌15%,主因投資者對線上遊戲類股份氣氛轉弱。目前對公司長遠增長維持審慎看法,因憂慮有收入集中風險,因《王國紀元》已貢獻去年收入86%,而預期其流水將在明年起下降,另以女性玩家為對象《時光公主》目前收入貢獻佔比僅5%,未足以成為IGG第二增長引擎。
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