《大行報告》花旗上調網易(NTES.US)目標價至140美元 評級「買入」
花旗發表研究報告指,網易(09999.HK)(NTES.US)第二季業績穩固,收入略超市場預期0.4%,並較花旗預測高8.4%;受惠毛利率擴張,收入改善及經營開支符預期,非通用會計準則下淨利潤較該行預測大幅高出38.4%。
得益於《永劫無間》手遊的持續帶動、《暗黑破壞神:不朽》的成功推出以及現有遊戲的強勁表現,網易遊戲收入期內增長16%。管理層在業績會上重申對海外工作室的投資承諾,花旗表示,在市況波動和宏觀困境下維持對網易「買入」評級,並視其為防守性股份,看好具有韌性的遊戲業務表現和穩定的盈利增長前景。
花旗將網易2022至2024年各年收入預測上調5.7%、8.8%及8.8%,非通用會計準則下淨利潤預測上調15.5%、9.9%及9.2%,以反映網絡遊戲收入增長、豐富產品管線及有道(DAO.US)的潛力發展,美股目標價從132美元上調至140美元。
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