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《大行報告》摩通上調網易-S(09999.HK)目標價至170港元 料上季收入按年升5%至247億人幣
摩根大通發表研究報告指,維持對網易-S(09999.HK)前景樂觀看法,將H股目標價由155元上調至170元,評級「增持」。該行預計,集團於今年首季將有符合預期的收入及更理想的利潤,料收入按年升5%至247億人民幣;經調整淨利潤增19%至61億元人民幣,較市場預期高8%。「蛋仔派對」(Eggy Party)的強勁表現應足以抵銷傳統遊戲和動視暴雪(ATVI.US)合作夥伴關係暫停帶來的收入影響。 該行表示,集團本年迄今的股價表現勝於互聯網同行,主要是由於更好的競爭格局和更多遊戲供應帶來的增長,投資者對網絡遊戲的偏好超過其他互聯網子行業,及具更好的監管前景;投資者看好遊戲行業,認為它是生成式AI的受惠者;蛋仔派對的表現比預期更具韌性。該行預期,集團的強勁股價表現將持續,又料今年第一至第四季的網絡遊戲按年增長分別為2%、10%、12%及15%。
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