《大行報告》大摩:內地網遊行業環境更受限制成新常態 具連續性許可審批支持投資者情緒復甦
內地發放第二批遊戲版號,騰訊(00700.HK)、網易(09999.HK)、嗶哩嗶哩(09626.HK)繼續無份。摩根士丹利認為,今次獲批的60款國產遊戲大部分來自中小企業,反映監管機構發版號時優先考慮中小型發行商。
大摩指,第二批遊戲版號數目多過第一批,但仍然較2020年至2021年期間的月均獲批版號低40%以上。該行維持每年500至600個遊戲版號數目預測。
該行相信,內地遊戲行業環境更受限制成新常態,例如遊戲版號數量減少,未成年人的遊戲時間減少、內容制度更嚴格等,但具連續性許可審批支持投資者情緒復甦。同時認為現有遊戲的長期受歡迎
程度和海外擴張將維持騰訊和網易的收入。
報告指,網易將於6月23日在中國發布《暗黑破壞神:永生不朽》,下半年亦會發布《哈利波特:魔法覺醒》亞洲版和《永劫無間》,估計將帶動今年下半年及明年上半年的遊戲收入按年增長17%至18%。而嗶哩嗶哩在缺乏新遊戲下,首季和次季的遊戲收入都可能出現按季跌幅。
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