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《大行報告》招銀國際上調網易(NTES.US)目標價至125美元 評級「買入」
阿思達克 08-25 14:26
招銀國際發表研報指,網易(09999.HK)(NTES.US)第二季度收入按年增長3.7%至240億元人民幣,較該行及市場預期低3.4%及3.1%,主要是由於期內電腦遊戲表現較預期弱。 但在毛利率強勁改善的帶動下,經營利潤按年增長23%,較招銀國際及市場預期高出7.8%及6.5%。相應地該行將網易2023至2025年經營利潤預測分別上調6.6%、7.9%及6.7%,預期將發展重心轉向自研遊戲及改善渠道成本,將有助於公司提升盈利水平。 該行預計,在《逆水寒》手遊等優質新遊戲產品穩健增長推動下,網易下半年收入增長將重新加快,利潤率亦會持續提升,將美股目標價從123美元升至125美元,維持「買入」評級。(gc/k) ~
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