《大行報告》瑞銀下調心動公司(02400.HK)目標價至58元 評級「買入」
瑞銀發表研究報告指,仍然看好心動公司(02400.HK)在遊戲發行方面的長期增長,認為現時市場發展趨勢正由傳統手機應用商店轉向心動旗下的TapTap平台等新渠道。
該行指,心動今年推出的新遊戲乏善可陳,加上去年下半年內部遊戲開發人員增加導致研發成本上升,令利潤率受壓,股價亦隨之下跌。但瑞銀認為,遊戲版號等不利因素近期很大程度上已被市場消化,料將推動基本面及估值修復。
管理層預計明年遊戲發行渠道將有所改善,將通過潛在加載廣告等方式捕捉新廣告需求。瑞銀將今明兩年收入預測下調11%及14%,並下調今明兩年每股盈測,至每股虧損分別1.62元及0.53元人民幣,2023年料扭虧錄每股盈利0.35元人民幣;目標價由84元下調至58元,維持「買入」評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.