《大行報告》大和下調網易-S(09999.HK)目標價至165元 評級「買入」
大和發表研究報告指,網易-S(09999.HK)第三季推出手機遊戲《暗黑破壞神:永生不朽》,收入表現強勁,有助於公司面對去年同期發布手遊《哈利波特:魔法覺醒》所帶來的高基數。
該行指出,雖然第三方遊戲行業數據表明第三季中國手遊市場總收入表現或疲軟,按年跌幅超過20%,但預期網易實際跌幅可能會更小,因為其高難度遊戲產品組合較同行高。
大和下調網易今年第三至第四季移動遊戲業務收入預測,料分別按年增長7%及1%,達到118億元人民幣及120億元人民幣,同時預期電腦遊戲第三季將正常化,增長13%至55億元人民幣,並於第四季增長5%至58億元人民幣。
在下調遊戲收入預測後,大和將網易2022至2024年的收入和盈利預測分別下調1%至2%,以及2%至3%,由於人民幣貶值,H股目標價由180元降至165元,重申「買入」評級。
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