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》摩通早前報告:網易(09999.HK)涉動視暴雪相關遊戲料佔去年收入及經調整溢利各7%及5%
網易-S(09999.HK)今日股價受壓,最低見97.2元一度下挫14.6%。現報103.6元,跌8.9%,涉資22.2億元。網易表示,非常遺憾動視暴雪(ATVI.US)在今日先行宣布停止合作,將不得不接受此決定。網易將繼續履行職責,為玩家服務到最後一刻。網易指,一直在盡最大努力和動視暴雪公司談判,希望推進續約。經過長時間的談判,仍然無法就一些合作的關鍵性條款與動視暴雪達成一致。 按摩根大通上周三(9日)曾發表報告表示,當時未能就雙方會否達成協議下定論,但一旦達更新協議,料此可能會對網易的財務狀況產生負面影響。該行估計涉及動視暴雪於中國遊戲許可協議,料佔網易2021年總收入及營運溢利各7%及5%,但鑑於網易旗下新遊戲《永劫無間》帶來的遊戲收入增加,預計對2022年的財務貢獻將更低。由於該行對網易今年下半年及2023年遊戲前景持更謹慎的看法。 該行料網易涉動視暴雪相關遊戲許可協議,料佔2021年佔公司總收入的7%,據網易在2021年年報中披露,授權遊戲佔總收入的9.5%(佔遊戲總收入的13%)。該行估計網易涉動視暴雪相關遊戲佔經調整後營運溢利的5%。 摩通表示,動視暴雪作為開發商,僅佔網易遊戲總收入的一部分。該行估計網易內部遊戲的營運溢利毛利率約為40%,而網易與動視暴雪的許可協議的營運溢利毛利率僅為15%。(wl/k) ~
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