You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》大摩料網易(09999.HK)首季非公認會計準則營運盈利按年升10% 受網遊毛利率穩定支持
阿思達克 05-05 14:48
摩根士丹利發表研究報告指,與大多數內地互聯網公司不同,網易(09999.HK)(NTES.US)在具彈性的遊戲產品驅動下,盈利風險有限,預期未來1至3個月推出的《暗黑破壞神:不朽》及《哈利波特:魔法覺醒》國際版手遊,將推動下半年增長加快。 大摩預期,網易今年首季總收入將達到221億元人民幣,按年增長8%,按季計則跌9%,當中遊戲收入料達到165億元人民幣,按年升10%;在遊戲毛利率穩定支持下,預期非通用會計準則經營溢利增長10%至54億元人民幣。 大摩表示,在中國疫情清零政策的不確定性影響下,網易的定位較大多數互聯網同業優勝,以今年下半年的年化預測市盈率約19倍計算,估值不高,加上憧憬羣體免疫、「520遊戲熱愛日」活動、更多遊戲版號審批及成本控制措施見成效等利好因素,予網易美股「增持」評級,目標價130美元。
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.
uSMART
Wealth Growth Made Easy
Open Account