《大行報告》中金下調嗶哩嗶哩(09626.HK)目標價至170元 評級「跑贏行業」
中金髮表報告指,嗶哩嗶哩(09626.HK)次季收入53.04億元人民幣,按年增長8.1%,基本符合該行及市場預期,非通用會計準則淨虧損9.63億元人民幣,基本符合該行及市場預期。公司將全年收入指引下調至225億至235億元人民幣(早前指引介乎240至260億元人民幣),主要由於若幹遊戲推出延遲及非核心業務(如IP衍生品及其他)收入低於預期。
該行表示,近期《搖光錄》、《千年之旅》、《斯露德》相繼上線,重點代理遊戲《閃耀!優俊少女》定檔8月30日,考慮收入遞延影響,中金預計下半年遊戲收入或按季回暖,增值服務中直播業務受益於視頻場景延伸收入按年維持32%高增長。
中金錶示,考慮遊戲上線延期,將公司今明年收入預測下調5.2%及5%,分別至230億及281億元人民幣,維持非通用會計準則淨利潤預測不變。該行將其目標價下調10.1%至170元,維持其評級爲「跑贏行業」。(ca/k)
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