《大行報告》中金:騰訊(00700.HK)及網易(09999.HK)重獲遊戲版號 緩解市場憂慮
中金發表評級報告指,國家新聞出版署發放今年9月份國產網絡遊戲審批信息,為今年第5批次版號,共73款遊戲過審,騰訊(00700.HK)、網易-S(09999.HK)遊戲均在列,可緩解市場憂慮。
中金指,內地遊戲版號發放已步入相對常態化階段,發放節奏及過審數量已較為穩定,且已逐步接近本輪版號暫停前月均發放85個版號的數量;在整體版號發放穩步推進背景下,中金認為下半年版號發放或有望加速,帶動整體市場情緒進一步回暖。
中金認為,在獲取版號之餘,騰訊及網易的內地遊戲業務在短期內或仍將承壓:騰訊老遊戲《王者榮耀》、《和平精英》受到《未成年人保護法》影響仍在持續,流水未見起色,且騰訊今年次季預收款已按年下跌,或將進一步傳導至未來幾個季度的收入增速;網易相對壓力較小,《夢幻西遊》、《大話西遊》在20餘年營運後,仍在次季創下流水新高,《暗黑破壞神:不朽》在7月25日上線,中金估算首月流水在8億至12億元人民幣之間,有望為網易下半年遊戲業務貢獻較穩定增量。
中金維持騰訊目標價為410元及其評級為「中性」,同時亦維持網易-S(09999.HK)目標價為199港元及其評級為「跑贏行業」。(ca/)
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