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《大行報告》高盛上調網易-S(09999.HK)目標價至182元 評級「買入」
高盛發表報告指,網易-S(09999.HK)重磅大型多人在線角色扮演遊戲(MMORPG)《逆水寒》手遊(Justice Mobile)於6月30日公測,在過去兩天中位列中國手遊總收入第二名。該行認為,即使網易本年至今股價跑贏大市,但仍有吸引的上升空間,因此集團有4款新遊戲來推動收入及利潤增長;支付渠道向網易自營渠道遷移,推動毛利率持續提升;《FWJ》手遊的收入提升及《蛋仔派對》(Eggy Party)的熱度持久;及2024年產品管線的可見度進一步提升。 該行表示,相對穩定的第二季度,預計集團的基本面將在第三季度開始加快增長,料最近推出的《逆水寒》手遊、《巔峰時速》(Racing Master)及穩固的《蛋仔派對》的遊戲收入或佔集團下半年總收入逾三成。該行上調網易2023至2025年遊戲收入預測介乎1.3%至1.4%,盈測則上調3%至4%,H股目標價由174元上調至182元,評級為「買入」。
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