瑞信:維持金山軟件(3888.HK)跑贏大市評級 目標價降至53港元
瑞信研報指,將金山軟件(3888.HK)目標價由55港元降至53港元,維持“跑贏大市”評級。公司第3季收入按年升8%,符預期;但經營溢利按年跌21%,非通用會計準則純利則按年跌8%。
該行料,全年線上遊戲收入按年跌9%,《劍網3》經典版有待遊戲批淮。另外,受非國企業務激增及較長期的訂閲期支持,該行預測全年軟件業務收入升幅為41%,看好未來線下2b產品解決方案及線上2C內容改善。 該行對公司2021年全年指引預測大致不變,惟調低2022、23年純利預測1%、4%,下調其目標價。

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