《大行報告》美銀證券上調網易-S(09999.HK)目標價至212元 評級「買入」
美銀發表研究報告指,網易-S(09999.HK)第二季業績好壞參半,收入較預期差,但利潤勝預期;報告認為收入低於預期相信不會影響到其手遊業務穩固增長前景,以及正在改善的利潤率趨勢。
該行解釋,季度收入低於預期主因是動視暴雪期內終止部分授權,導致網易電腦遊戲業務收入下跌,以及整體中國電腦遊戲市場疲軟所致,仍然看好手遊增長持續,第二季收入增幅達14%,憧憬下半年手遊收入增長將進一步加快至25%以上。
美銀又指,網易擁有不少焦點新作品,利潤率增長仍然持續,業績公布過後將2023至2025年每股盈利預測調高5%至10%,當中已計及電腦遊戲表現疲軟的影響,美股目標價升至135美元,港股目標價由201元升至212元,重申「買入」評級。
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