《大行報告》高盛上調網易-S(09999.HK)收入和純利預測 評級「買入」看200元
高盛發表研究報告,基於新遊戲所帶來的收入持續增長及利潤率穩步擴張,看好網易-S(09999.HK)(NTES.US)下半年表現,預測第三季遊戲業務收入將按年增長23%,並估計單是焦點大作《逆水寒手遊》第三季就貢獻收入63億元人民幣,預期該遊戲全年收入將達到148億元人民幣。
該行估計,《逆水寒手遊》、《全明星街球派對》、《巔峰極速》及《永劫無間手遊》等新遊戲,將推動網易第三季整體收入增長約17%,一到286億元人民幣,增速較次季的4%明顯提升,而利潤率亦預期將加速擴張,經營利潤率料達28%。
展望第四季,高盛預測收入將增長20%,息稅前利潤料升64%,升幅進一步擴大。該行又指,網易(NTES.US)股價持續跑贏中概互聯網指數,認為網易的升勢主要來自於盈利增長所推動,股價仍具有上升空間,風險回報吸引,將2023至2025年收入預測上調0.9%、1.1%及1.2%,非通用會計準則淨利潤預測上調1.7%、3.2%及3%,評級為「買入」,目標價200元。
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